The efficiency-wage theory of worker health is
a. more relevant for explaining unemployment in less developed countries than in rich countries.
b. more relevant for explaining unemployment in rich countries than in less developed countries.
c. equally relevant for explaining unemployment in less developed countries and in rich countries.
d. not relevant for explaining unemployment.
a
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New college graduates still looking for their first jobs would be classified in the BLS data as
A. not yet in the labor force. B. part of structural unemployment. C. frictionally unemployed. D. cyclically unemployed.
Monetarists directly study the link between money and economic activity using
A) structural models. B) reduced-form models. C) scientific models. D) experimental models.
All of the following are examples of borrowings by a bank EXCEPT
A) federal funds. B) repurchase agreements. C) discount loans. D) commercial loans.
In the circular-flow diagram, which of the following items represents a payment for a factor of production?
a. interest b. capital c. spending by households on goods d. spending by households on services