When considering whether to hire additional units of labor

Assignment Help Business Economics

Reference no: EM131244272

Firms consider the __________ wage when considering whether to hire additional units of labor.

a. nominal

b. real

c. minimum

d. normal

A comparison of the average growth rates across time for developed nations indicates that:

a. nations with lower levels of income grow more slowly than those with higher levels of income

b. nations with lower levels of income will never be as rich as nations with high levels of income

c. nations with higher levels of income experience a continuously increasing growth rate

d. nations with lower levels of income grow more quickly than those with higher levels of income

What would be a way for the Federal Reserve to slow down the economy when it is growing too quickly or is inflationary?

a. Print more money

b. Buy back government bonds on the open market

c. Sell more government bonds

d. Encourage the stock market

Reference no: EM131244272

Questions Cloud

How does rent control affect the real-estate market : What is a price ceiling? Why is there a need for rent control in Los Angeles? How does rent control affect the real-estate market?

Explain how agricultural price supports work : Explain how agricultural price supports work and what the effects of the supports are. What are the effects of an increase in the minimum wage? who would be most affected?

The minimum wage is an example of a price ceiling : The minimum wage is an example of a price ceiling. If demand decreases and supply increases, the equilibrium price will fall and the quantity will rise. If demand increases and supply increases, the equilibrium price will rise and the quantity will r..

The solow model assumes : The Solow model assumes that

When considering whether to hire additional units of labor : Firms consider the __________ wage when considering whether to hire additional units of labor. A comparison of the average growth rates across time for developed nations indicates that: What would be a way for the Federal Reserve to slow down the eco..

Businesses can protect themselves against inflation : Review and respond to at least two of your classmates’ posts by sharing any ideas you may have about how households and businesses can protect themselves against inflation. Inflation works in the borrowers favor in most cases if the borrower had debt..

Converted the basic production function : One reason that we converted the basic production function as specified by Robert Solow, Y = F(K,L) to the form y = f(k), where y and k represent Y/L and K/L, respectively, is that this form:

Discuss the modifications and considerations for testing : Discuss the modifications and considerations for testing and exercise prescription for persons with heart disease, obesity, diabetes and pulmonary disease.

Compute the employment rate in econland : Given data for Econland: Adult Population = 180 million; Unemployment Rate = 7.5%; NILF = 56 million. Compute the participation rate in Econland. Compute the employment rate in Econland.

User Account

All Pages