Studies have shown that in the 1980s the wage gap between college-educated workers and those with high school education or less
a. decreased dramatically.
b. decreased slightly.
c. remained unchanged.
d. widened dramatically.
d
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The last time a recession hit the country of Valtonia, the price of real estate fell significantly. When Craig learns that this country's stock market has crashed, he immediately decides to sell his houses. This is an example of the theory of _____
a. absolute advantage b. rational expectations c. adaptive expectations d. sticky wages
The money wage rate has little effect on the supply curve. It mainly affects the aggregate demand curve.
Answer the following statement true (T) or false (F)
When government agents are sent as actors into a bank to test whether loans are more likely to be granted to whites than blacks, they are using a statistical technique called
A. regression. B. standard deviating. C. quadratification. D. auditing.
Why do economists worry about “multiple counting” and calculate only the “value added” in the production process?
What will be an ideal response?