Rational expectations represents a school of thought which claims that people form expectations solely based on all past information
Indicate whether the statement is true or false
false
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Students who leave school in the spring and look for work are one source of ________
A) structural unemployment B) cyclical unemployment C) frictional unemployment D) business-cycle fluctuations
Suppose that a minimum wage is set that is higher than wages for retail workers. This is ________ news for shoppers and ________ retail workers.
A. bad; good news for some, but not all B. bad; good news for all C. good; good news for some but not all D. good; good news for all
From 1998 to 2010, the cost of building a nuclear plant increased from $3 billion to $10 billion. If the marginal cost of producing electricity stays the same, then the average variable cost of producing electricity ________ while the average total cost of producing electricity ________.
A. stays the same; increases B. decreases; stays the same C. increases; stays the same D. decreases; increases
It is believed, by many, that the underground economy has grown in the United States in recent years causing c to increase and to be volatile
This event implies that the money multiplier should ________ and that the Fed should have a(n) ________ job in controlling the money supply. A) increase; easier B) increase; more difficult C) decrease; easier D) decrease; more difficult