A key assumption in the classical model is
A. sticky prices.
B. the government's ability to stabilize the economy.
C. sticky wages.
D. pure competition.
Answer: D
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The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking work, both of the unemployed workers became discouraged and stopped looking for work six weeks ago
The unemployment rate in Marble Falls is now A) 0%. B) 11.1%. C) 20%. D) 25%.
The Federal Open Market Committee directive is a
A) general statement of Federal Reserve policy goals. B) detailed description of government security purchases to be carried out by the New York Federal Reserve bank. C) statement specifying the maximum level of inflation the Federal Reserve will accept. D) statement specifying the maximum level of unemployment the Federal Reserve will accept.
Panel data is also called
A) longitudinal data. B) cross-sectional data. C) time series data. D) experimental data.
Requiring that applicants get drug tested is an example of:
A. signaling. B. screening. C. statistical discrimination. D. building a reputation.