Which group of American-born workers is most affected by immigrants entering the U.S. labor force?
a. High school students
b. Blue collar workers
c. Skilled trades workers
d. White collar workers
a. High school students
A study by Michael S. Clune found that for each 10% rise in the number of employed immigrants with no more than a high school diploma in the labor market, high school students reduced their annual number of hours worked by 3%. The effects on wages of low-skill workers are not large—perhaps in the range of decline of about 1%.
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Why is the demand for real money balances downward sloping?
A) because the opportunity cost of holding money decreases as interest rates decrease B) because when the interest rate falls the quantity of money demanded increases C) because lower interest rates encourage firms and households to increase their money holdings D) all of the above E) none of the above
By 2016, the unemployment rate in the US had fallen from a peak of 10% in 2009 to:
A. under 5%. B. under 3%. C. 7.8%. D. 6.2%.
Over the last 20 years, American APS has
A. never been above 0.1. B. sometimes been above 0.1. C. usually been above 0.1. D. always been above 0.1.
Ceteris paribus is the same as rise / run.
Answer the following statement true (T) or false (F)