The leader of the monetarist school and major proponent of a monetary growth rule was
A) Ben Bernanke. B) Paul Volcker. C) Milton Friedman. D) Alan Greenspan.
C
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Countries with more economic freedom during 1980-2009 tended to do which of the following?
What will be an ideal response?
If the firm shown in the table changes the quantity it produces from 2 to 4, what would be the change in profit?
a. -1
b. 0
c. 1
d. 2
Suppose the following situation exists for an economy: Kt+1/N < Kt/N. Given this information, we know that
A) saving per worker equals depreciation per worker in period t. B) saving per worker is less than depreciation per worker in period t. C) saving per worker is greater than depreciation per worker in period t. D) the saving rate fell in period t. E) none of the above
An example of a compensating differential is
A. a police department hires both men and women who have just graduated from college. The men are assigned patrol duty, and the women are assigned desk jobs. B. a cardiologist must train for two more years than a family practitioner and on average cardiologists earn 65% more per year than family practitioners. C. Paulie was injured on the job at a tanning salon and as a result of his injuries he can no longer work. He now qualifies for $1,600 a month in disability payments. D. it takes the same amount and type of training to be either a paramedic or an emergency room nurse. Paramedics earn about 25% more than emergency room nurses with the same amount of experience. About 12% of paramedics, but only 3% of emergency room nurses, are injured on the job each year.