The wage gap between high school and college graduates can be explained, other things the same, by ________
A) a greater increase in the demand for high school educated labor than college-educated labor
B) a greater increase in the supply of college-educated labor than high school educated labor
C) a greater increase in the demand for high school educated labor than in the supply of high school educated labor
D) a greater increase in the demand for college-educated labor than high school educated labor
D
You might also like to view...
There are ________ Federal Reserve Banks located in different parts of the United States
A) 10 B) 12 C) 15 D) 50
Which of the following statements identifies a difference between optimization in levels and optimization in differences?
A) Optimization in levels compares only the costs of different alternatives, whereas optimization in differences compares only the benefits of different alternatives. B) Optimization in levels compares only the benefits from different alternatives, whereas optimization in differences compares only the costs of different alternatives. C) Optimization in levels calculates the net benefits of different alternatives, whereas optimization in differences calculates the change in net benefits when switching from one alternative to another. D) Optimization in levels calculates the change in net benefits when switching from one alternative to another, whereas optimization in differences calculates the net benefits of different alternatives.
The most common definition that monetary policymakers use for price stability is
A) low and stable deflation. B) an inflation rate of zero percent. C) high and stable inflation. D) low and stable inflation.
A policy that raises taxes or reduces government spending is called:
A. a contractionary monetary policy. B. a contractionary fiscal policy. C. an expansionary monetary policy. D. an expansionary fiscal policy.