According to New Keyneisan Theory,real Wages Are _____ Correlated with Employment

question 19

Multiple Choice

According to new Keyneisan theory,real wages are _____ correlated with employment and the portion of the population that is not in the labor market _____ with higher real wages.

• A)positively; rises.
• B)negatively,does not change.
• C)negatively,rises.
• D)positively; falls.
• E)none of the above.

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Definitions:

Accounting Profit

The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.

Entrepreneur's Talent

Entrepreneur's talent refers to the unique skills, insights, and abilities that an entrepreneur applies to develop innovative ideas, overcome obstacles, and drive business success.

Annual Revenue

The total amount of money generated by a company from its activities, such as sales or services, before any expenses are subtracted, in one fiscal year.

Explicit Cost

The monetary payment made by a firm to an outsider to obtain a resource.