A sudden stop refers to a rapid slowing of capital inflows

Activists believe ________

A) the self-correcting mechanism in the economy is very slow B) in the adoption of policies to eliminate excessive unemployment C) doing nothing will leave too many people out of work for too long D) all of the above E) none of the above

In the efficiency wage model, an increase in productivity will cause

A. an increase in the real wage. B. no change in the real wage. C. a decrease in the real wage. D. an increase in both the real wage and the level of employment.