External link to Question : 41.Stickynominalwagescanresultin a.lowerprofitsforfirmswhenthepricelevelislowerthanexpected. b.adecreaseinrealwageswhenthepricelevelislowerthanexpected. c.ashort-runaggregat : 1262153

Question : 41.Stickynominalwagescanresultin a.lowerprofitsforfirmswhenthepricelevelislowerthanexpected. b.adecreaseinrealwageswhenthepricelevelislowerthanexpected. c.ashort-runaggregat : 1262153

  41.Stickynominalwagescanresultin a.lowerprofitsforfirmswhenthepricelevelislowerthanexpected. b.adecreaseinrealwageswhenthepricelevelislowerthanexpected. c.ashort-runaggregate-supplycurvethatisvertical. d.along-runaggregate-supplycurvethatisupward-sloping. 42.Thesticky-wagetheoryoftheshort-runaggregatesupplycurvesaysthatthequantityofoutputfirmssupplywillincreaseif a.thepricelevelishigherthanexpectedmakingproductionmoreprofitable. b.thepricelevelishigherthanexpectedmakingproductionlessprofitable. c.thepricelevelislowerthanexpectedmakingproductionmoreprofitable. d.thepricelevelishigherthanexpectedmakingproductionlessprofitable. 43.Ifthepricelevelrisesabovewhatwasexpectedandnominalwagesarefixed,then a.productionbecomeslessprofitablesofirmswillhirefewerworkers. b.productionbecomeslessprofitablesofirmswillhiremoreworkers. c.productionbecomesmoreprofitablesofirmswillhirefewerworkers. d.productionbecomesmoreprofitablesofirmswillhiremoreworkers. 44.Ifwagesaresticky,thenagreaterthanexpectedincreaseinthepricelevel a.raisestherealcostsofproduction,sotheshort-runaggregatesupplycurveshiftsleft. b.raisestherealcostsofproduction,sotheaggregatequantityofgoodsandservicesdeclines. c.reducestherealcostsofproduction,sotheshort-runaggregatesupplycurveshiftsright. d.reducestherealcostsofproduction,sotheaggregatequantityofgoodsandservicesrises. 45.Whichofthefollowingcanexplaintheupwardslopeoftheshort-runaggregatesupplycurve? a.nominalwagesareslowtoadjusttochangingeconomicconditions b.asthepricelevelfalls,theexchangeratefalls c.anincreaseinthemoneysupplylowerstheinterestrate d.anincreaseintheinterestrateincreasesinvestmentspending 46.Otherthingsthesame,ifworkersandfirmsexpectedpricestoriseby2percentbutinsteadtheyriseby3percent,then a.employmentandproductionrise. b.employmentrisesandproductionfalls. c.employmentfallsandproductionrises. d.employmentandproductionfall. 47.Otherthingsthesame,ifworkersandfirmsexpectedinflationtobe2%,butitisonly1%then a.employmentandproductionrise. b.employmentrisesandproductionfalls. c.employmentfallsandproductionrises. d.employmentandproductionfall. 48.Otherthingsthesame,ifpricesfellwhenfirmsandworkerswereexpectingthemtorise,then a.employmentandproductionwouldrise. b.employmentwouldriseandproductionwouldfall. c.employmentwouldfallandproductionwouldrise. d.employmentandproductionwouldfall. 49.Iftherearestickywages,andthepricelevelisgreaterthanwhatwasexpected,then a.thequantityofaggregategoodsandservicessuppliedfalls,whichisshownbyashiftoftheshort-runaggregatesupplycurvetotheleft. b.thequantityofaggregategoodsandservicessuppliedfalls,asshownbyamovementtotheleftalongtheshort-runaggregatesupplycurve. c.thequantityofaggregategoodsandservicessuppliedrises,asshownbyashiftoftheshort-runaggregatesupplycurvetotheright. d.thequantityofaggregategoodsandservicessuppliedrises,asshownbyamovementtotherightalongtheshort-runaggregatesupplycurve. 50.Anunexpectedincreaseinthepricelevelthattemporarilylowersrealwagesandinducesmoreemploymentandoutputinaneconomy,occursin a.nominal-supplytheory. b.stagflation. c.misperceptionstheory. d.sticky-wagetheory.    

External link to Question : 31) Which of the following describes the distinction between the : 1384408

Question : 31) Which of the following describes the distinction between the : 1384408

  31) Which of the following describes the distinction between the Phillips curve and the AS curve? A) The AS curve has the price level on the vertical axis whereas the Phillips curve has the interest rate on the vertical axis. B) The AS curve has the price level on the vertical axis whereas the Phillips curve has the rate of change in the interest […]

External link to Question : 81.Which of the following true of choosing a distribution strategy? : 1299509

Question : 81.Which of the following true of choosing a distribution strategy? : 1299509

  81.Which of the following is true of choosing a distribution strategy?   A. The optimal distribution strategy is determined by the relative costs and benefits of each alternative, which vary from country to country. B. A choice of distribution strategy does not determine which channel the firm will use to reach potential consumers. C. The channel length, the final selling price, and the firm’s profit margin are […]

External link to Question : 7.2   Price Floors 1) A price floor is A) the highest possible : 1226528

Question : 7.2   Price Floors 1) A price floor is A) the highest possible : 1226528

  7.2   Price Floors   1) A price floor is A) the highest possible legal price that can be charged for a good or service. B) usually equal to the equilibrium price established before the government imposed the price floor. C) the lowest legal price at which a good or service can be traded. D) a legal price of zero that can be charged for […]

External link to Question : 201.RefertoFigure3-20.Canadahasacomparativeadvantageintheproductionof a.GoodXandMexicohasacomparativeadvantageintheproductionofGoodY. b.GoodYandMexicohasacomparativeadvantageintheproductio : 1262268

Question : 201.RefertoFigure3-20.Canadahasacomparativeadvantageintheproductionof a.GoodXandMexicohasacomparativeadvantageintheproductionofGoodY. b.GoodYandMexicohasacomparativeadvantageintheproductio : 1262268

  201.RefertoFigure3-20.Canadahasacomparativeadvantageintheproductionof a.GoodXandMexicohasacomparativeadvantageintheproductionofGoodY. b.GoodYandMexicohasacomparativeadvantageintheproductionofGoodX. c.bothgoodsandMexicohasacomparativeadvantageintheproductionofneithergood. d.neithergoodandMexicohasacomparativeadvantageintheproductionofbothgoods. 202.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodXwillincreaseby a.3units. b.6units. c.9units. d.12units. 203.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodYwillincreaseby a.3units. b.6units. c.9units. d.12units. 204.RefertoFigure3-20.AtwhichofthefollowingpriceswouldbothCanadaandMexicogainfromtradewitheachother? a.9unitsofGoodYfor6unitsofGoodX b.8unitsofGoodY for20unitsofGood X c.70unitsof GoodY for30 unitsofGood X d.CanadaandMexicocouldnotbothgainfromtradewitheachotheratanyprice. Figure3-21     Uzbekistan’sProductionPossibilitiesFrontierAzerbaijan’sProductionPossibilitiesFrontier   205.RefertoFigure3-21.Azerbaijan’sopportunitycostofonenailis a.1/4boltandUzbekistan’sopportunitycostofonenailis1/2bolt. b.1/4boltandUzbekistan’sopportunitycostofonenailis2bolts. c.4boltsandUzbekistan’sopportunitycostofonenailis1/2bolt. d.4boltsandUzbekistan’sopportunitycostofonenailis2bolts. 206.RefertoFigure3-21.Azerbaijan’sopportunitycostofoneboltis a.1/4nailandUzbekistan’sopportunitycostofoneboltis1/2nail. b.1/4nailandUzbekistan’sopportunitycostofoneboltis2nails. c.4nailsandUzbekistan’sopportunitycostofoneboltis1/2nail. d.4nailsandUzbekistan’sopportunitycostofoneboltis2nails. 207.RefertoFigure3-21.SupposeUzbekistandecidestoincreaseitsproductionofboltsby10.Whatistheopportunitycostofthisdecision? a.1/2nail b.2nails c.5nails d.20 nails 208.RefertoFigure3-21.SupposeAzerbaijandecidestoincreaseitsproductionofnailsby20.Whatistheopportunitycostofthisdecision? a.1/4bolt b.4bolts c.5bolts d.80 bolts 209.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldAzerbaijanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails? a.8boltsand 56nails b.14 bolts and 44 nails c.18 bolts and […]

External link to Question : 21) A common assumption among macroeconomists that when real GDP : 1384407

Question : 21) A common assumption among macroeconomists that when real GDP : 1384407

  21) A common assumption among macroeconomists is that when real GDP is less than potential output, factor prices adjust and the A) AS curve shifts to the left fairly rapidly. B) AS curve shifts to the right only very slowly. C) AS curve shifts to the right very rapidly. D) AD curve shifts to the left rapidly. E) None of the above – the […]

External link to Question : 55.Mental models cause us to: A.perceive events as though people acting : 1243862

Question : 55.Mental models cause us to: A.perceive events as though people acting : 1243862

  55.Mental models cause us to:  A.perceive events as though people are acting on a theatrical stage. B.select and organize stimuli in ways that are consistent with our broad world views. C.believe the behavior of others is caused more by their ability or motivation than the situation. D.perceive ourselves as members of several groups that are different from people in other groups. E.change our personality […]

External link to Question : 156.The manager of quality control at Zenic Products, a medical : 1302679

Question : 156.The manager of quality control at Zenic Products, a medical : 1302679

  156.The manager of quality control at Zenic Products, a medical products company, purchased a new lab machine for $44,000 two years ago during 2014. This year, a new machine, which is faster and more precise than the current model, is available in the market. In deciding whether or not to purchase the new machine, indicate if the manager should consider each of the following […]

External link to Question : 111.Comparative financial statements for Bent Stew Enterprises shown below: December 31 20142013 Assets : 1302943

Question : 111.Comparative financial statements for Bent Stew Enterprises shown below: December 31 20142013 Assets : 1302943

    111.Comparative financial statements for Bent Stew Enterprises are shown below:     December 31 20142013 Assets Current assets: Cash$    3,000              $       800 Accounts receivable8,5006,000 Inventory12,0008,200 Prepaid expenses     1,400        900 Total current assets24,90015,900 Property, plant, and equipment, net              103,600              123,300 Intangible assets, net  64,000   47,000 Total assets$192,500              $186,200   Liabilities and Stockholders’ Equity Current liabilities: Accounts payable$   11,000              $  12,000 Other current liabilities   […]

External link to Question : 51) Consider a wage-setting union in an otherwise competitive labour : 1384289

Question : 51) Consider a wage-setting union in an otherwise competitive labour : 1384289

  51) Consider a wage-setting union in an otherwise competitive labour market. If the union sets a wage above the competitive level, the effect will be A) to raise wages for all workers who wish to work in the industry. B) to increase the amount of employment in the industry. C) to create a group of workers who would like to obtain jobs in the […]

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