Multiple Choice
The key implication for macroeconomic instability is that efficiency wages
A) contribute to the downward inflexibility of wages.
B) help reduce the downward inflexibility of wages.
C) increase the velocity of money.
D) reduce the velocity of money.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The rational expectations view that expectations regarding
Q32: Monetarists say that the relationship between the
Q34: The view that changes in the money
Q78: In the view of rational expectations theory,<br>A)people
Q84: Mainstream economists think that<br>A)market participants change their
Q85: The crowding-out effect refers to the possibility
Q113: In the mainstream view, one major source
Q158: The idea of coordination failures suggests the
Q168: The idea that the economy will self-correct
Q238: Real-business-cycle theory views changes in resource availability