All else constant, the quantity of labor supplied is inversely related to the amount of training required for a job
a. True
b. False
A
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Evidence suggests that financial deepening is of greatest benefit to ________
A) industries that are highly dependent on external sources of funds B) family-owned enterprises C) established firms, rather than new firms D) child workers
The gap between the actual and predicted values of a dependent variable is called
A) the error term. B) an exogenous factor. C) the residual. D) an endogenous factor.
Identify the most likely impact of a decrease in the wealth of consumers in an economy, other things remaining constant
a. A leftward shift of the aggregate supply curve b. A leftward shift of the aggregate demand curve c. An upward movement along the aggregate demand curve d. A downward movement along the aggregate demand curve e. A steeper aggregate supply curve
Frictional unemployment is the temporary unemployment that results from the search time that occurs when people are searching for suitable jobs and firms are looking for suitable workers
a. True b. False Indicate whether the statement is true or false