Multiple Choice
Suppose a major computer virus struck the nation's computers and all hard drives were erased.What would happen in the labor market?
A) The real wage would increase and so would employment.
B) The real wage would not change,but employment would decrease.
C) The real wage would increase and employment would decrease.
D) The real wage would decrease and so would employment.
E) The real wage would decrease and employment would increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The classical model does a good job
Q2: When GDP is rising,the economy is experiencing<br>A)
Q4: One difficulty with any explanation of economic
Q5: Which of the following shocks is most
Q6: Which of the following could explain a
Q7: If workers become more productive,which of the
Q8: As the economy goes through an expansion,<br>A)
Q9: When real GDP is falling,the economy is
Q10: Recessions typically last longer than expansions.
Q11: If a new computer program was developed