HW3 Q7 According to the Classical argument, tax break should go to the wealthy groups, who...
QUESTION 1 According to the classical economists, those who are not working have chosen not to work at the market wage. are unable to find a job at the current wage rate. have given up looking for a job but would accept a job at the current wage if one were offered to them. are too productive to be hired at the current wage. QUESTION 2 Which of the following explains why the long-run Phillips curve is drawn as a...
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Many nations around the world have "privatized" their formerly government-run social security systems such as Canada, Chile, Denmark, Sweden, etc... and they now have plenty of cash reserves for the future. Conclusion: A typical university academic professor who is a devout Keynesian economist would also support the idea of privatizing a government run social security system. True or False True False During the Great Depression years, the politicians decided to raise the income...
28 The Chairman or Chairlady of the Federal Reserve Bank has the power to personally order an increase in the U.S. money supply. A vote by the Fed's FOMC is not needed in order to increase the nation's money supply. 2016.05 Multiple Choice This is false This is true only if both the President of the United States and treat of the Freneha bebes to increase the nation's money supply, then the FOMC no need None of the above Free...
Multiple Choice and True/False (24 points) resolve a conflict is by: (a) According to Follett (and in light of the Ugli granges), the best way to compromise; (b) alternation; (c) 1. An effective supervisor in a problem-solving situation without a should: (a) encourage to facilitate reaching a decision; (d) all of the above. DO) all members to speak; (b) present his or her solution; () side with the majority quality constraint (DA > 2. B's view on a subject, it...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...
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Name: Class Date and Time: Section: S/www.grossmont.edu/academics/programs-departments/es/files/ESWBooklet-7thEdition.pdf 1. Under the principle of Specificity, one who trains their upper body with free weights can expect adaptations to their lower body. A. True B. False 2. The term repetition refers to A. the amount of weight one should lift in order to see changes in muscle strength or size B. the number of times a lift is performed or repeated...
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalism duo If a firm has trouble selling its good, it can lower price. increase demand. decrease supply. both a) and b) are correct. 6. People often pay too much for goods because they are not aware of which...
Question 1: According to Milton Friedman, the reason there are two Phillips curves is because a. prices are inflexible. b. the expected inflation rate does not instantaneously adjust to changes in the actual inflation rate. c. the expected inflation rate is equal to 1 minus the actual inflation rate. d. the expected inflation rate adjusts to changes in the actual inflation rate. Question 2: Milton Friedman argued that there a, are two Phillips curves, a short-run one and a long-run...
Rewards and motivation strategy in Action! Erin is Yard and Shipping Supervisor for a Modular/Manufactured home company in Edmonton, Alberta. The company, in business for over 25 years, has a good reputation but does not have a formal quality control/assurance program. Erin has been the yard supervisor for 4 years and prior to that she worked a variety of jobs in the assembly plant. In her position she is responsible for the supervision of the storage yard where finished homes...
macoroeconomics
1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....