Which of the following theories would suggest that attending school does not improve productivity but that high-ability people are more likely to stay in school?
a. physical-capital theory
b. human-capital theory
c. signaling theory
d. neoclassical theory
c
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All of the following have enhanced the Fed's credibility in conducting monetary policy except
A) discontinuing the policy of announcing whether it considered the economy to be at greater risk of inflation or recession following each FOMC meeting. B) making the minutes of the open market committee meetings public. C) following through with changes it has announced. D) revealing the Fed's target for the federal funds rate.
Economist Edward Prescott is associated with the
A) early spread of the old Keynesian approach. B) creation of the "fooling" model. C) creation of the first "New Classical" approach. D) creation of the "real business cycle" model.
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, the estimated value of a is
A. -0.6931 B. 2.66 C. 0.50 D. -3.67
Which statement about inflation is correct?
A. Families are always hurt by inflation B. Inflation "subsidizes" those who receive relatively fixed money income C. The redistributive effects of inflation are arbitrary with respect to people and groups in society D. Inflation will decrease the real value of property assets and increase the real value of fixed- value assets