Even though explicit contracts may lead to layoffs during recessions explicit contracts may still be efficient because such contracts ?

Related Mcqs:

If somebody is prepared to work at the going wage rate but cannot find work then they are victims of ?

A. voluntary unemployment B. classical unemployment C. voluntary unemployment D. Frictional unemployment...

Possible causes of involuntary unemployment are ?

A. minimum wage agreements B. trade C. scale economies D. insider-outsider distinctions E. efficiency wages F. all of the above...

The AD schedule indicates that _______ inflation is associated with ________ output?

A. higher, lower B. higher, higher C. lower, lower D. zero, zero...

Expansionary fiscal policy in the classical model will cause aggregate demand to _______ potential output?

A. exceeds B. fall below C. fluctuate around D. remain equal to...

During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?

A. rise B. fall C. not changes D. fluctuates...