Multiple Choice
Efficiency wages are
A) above-market wages that bring forth so much added work effort that per-unit production costs are lower than at market wages.
B) wage payments necessary to compensate workers for unpleasant or risky work conditions.
C) usually less than market wages.
D) relevant to macroeconomics because they explain rightward shifts in aggregate demand.
Correct Answer:
Verified
Correct Answer:
Verified
Q57: If personal taxes were decreased and resource
Q128: The so-called ratchet effect refers to the
Q130: Suppose that real domestic output in an
Q132: An increase in aggregate expenditures resulting from
Q134: An increase in business excise taxes will
Q135: The long-run aggregate supply curve is upward
Q136: A fall in the prices of inputs
Q137: The aggregate demand curve shows the<br>A)inverse relationship
Q138: Collective bargaining agreements that prohibit wage cuts
Q255: A decrease in business taxes will tend