Research by Richard Layard indicates that happiness
A) increases as output per capita increases.
B) decreases as output per capita increases.
C) does not change as output per capita changes.
D) appears to depend on people's relative incomes.
D
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Based on the information in the above table, what is the unemployment rate?
What will be an ideal response?
Advances in computing power is an example of:
A) labor-saving technological changes. B) skill-biased technological changes. C) unskilled-biased technological changes. D) labor-complementary technological changes.
Which of the following is a lesson that can be learned from monetary policy during the Great Depression?
a. Monetary policy should be changed frequently in response to economic fluctuations. b. Prolonged periods of monetary contraction will retard economic growth. c. Low interest rates will direct an economy toward recovery. d. Monetary policy should focus on variables such as output and employment.
First-mover advantage is:
A. very important in one-round sequential games. B. likely to lead to a positive-positive outcome. C. most advantageous in a prisoner's dilemma-type game. D. None of these statements is true.