A: tend to link money wages to price increases
B: serve to preserve the purchasing power of workers
C: are a common form of wage indexation in many labor markets
D: often tie nominal wages to a specific price index
E: all of the above
举一反三
- Both models of aggregate supply presented in Chapter 13 share the<br/>feature that, if the price level is above the expected price level,<br/>then ____ A: nominal wages will fall. B: nominal wages will rise. C: output will be below its natural level. D: output will be above its natural level.
- Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.
- Globalization is criticized because it increases the power of _____. A: governments to own enterprises B: unskilled labor to form labor unions C: supranational organizations over nation-states D: nation-states to regulate markets and reduce competition
- The AS-curve is horizontal or very flat if A: additional resources (especially labor) can be hired to produce additional output with little or no increase in existing prices B: wages fall rapidly with an increase in unemployment, reducing spending and income to restore equilibrium C: firms lower wages less than prices to avoid a loss in profit during a recession D: the nominal wage adjustment occurs fairly rapidly E: nominal wages and prices always change proportionally, leaving the real wage rate unchanged
- An increase in government purchases will NOT increase the level of output if A: the AS-curve is totally price elastic B: the price level is fixed C: wages and prices are completely rigid D: wages and prices are completely flexible E: real money balances are not affected
内容
- 0
The causes of wage-push inflation are ( ). A: Wage price spiral B: Strong labor union C: Incompletely competitive labor market D: Expansionary income policy
- 1
The minimum wage is an example of() A: a price ceiling. B: a price floor. C: a free-market<br/>process. D: an efficient labor<br/>allocation mechanism.
- 2
The goals of monetary policy include: A: output stability B: price stability C: stability of the financial markets D: all of the above E: both (b) and (c) of the above
- 3
Recently, he has lost all his _____. A: wage and saving B: won’t wages and savingyou C: wages and savings D: wage and savings
- 4
Which of the following statements is correct? A: The value of the marginal product curve is the labor demand curve for competitive, profit-maximizing firms. B: A competitive, profit-maximizing firm hires workers up to the point where the value of the marginal product of labor equals the wage. C: By hiring labor up to the point where the value of the marginal product of labor equals the wage, the firm is producing where price equals marginal cost. D: All of the choices are correct.