Multiple Choice
One reason the lowest wage rate is not necessarily the same as the efficiency wage is that workers might
A) be more productive at a higher wage rate.
B) have more incentive to shirk at higher wage rates.
C) be tempted to switch jobs more frequently at higher wage rates.
D) be less inclined to work well at a higher wage rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q161: Rational expectations theory assumes that both product
Q162: Which of the following groups of economists
Q163: Which of the following contributes to the
Q164: According to monetarists, an expansionary fiscal policy<br>A)
Q165: Monetarists base their assessment of the speed
Q167: Assume monetary equilibrium exists-that is, the desired
Q168: The idea that the economy will self-correct
Q169: What rationale does rational expectations theory provide
Q170: An efficiency wage is<br>A) a below-market wage.<br>B)
Q171: Mainstream economics views monetary policy as a<br>A)