Government-run employment agencies and public training programs both seek to reduce frictional unemployment
a. True
b. False
Indicate whether the statement is true or false
True
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If Jeff's wage rate rises, he decides to work fewer hours. From this, we can infer that
A) for Jeff, the substitution effect is greater than the income effect. B) for Jeff, the substitution effect is equal to the income effect. C) for Jeff, the substitution effect is less than the income effect. D) Jeff is a nitwit.
Which of the following does not affect an individual's demand curve?
a. expectations b. income c. prices of related goods d. the number of buyers
For a country like the United States, explain why the CPI would increase at a faster rate than the GDP deflator during periods of oil and gasoline price increases
If there is an increase in the nominal (money), the real wage
A. will also rise. B. will also rise, unless the consumer price index rises. C. will also rise, unless the consumer price index rises as much or more than the nominal (money) wage. D. None of the choices are true.