The existence of heavy training costs would provide a rationale for
a. insider-outsider models.
b. IS-LM models.
c. sticky price models.
d. modern efficiency wage models
D
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Who appoints the chair of the Federal Reserve System?
A) the Federal Open Market Committee (FOMC) B) member banks of the Federal Reserve System C) the President of the United States D) the Senate and Congress
The analysis of Friedman and Phelps argues that an expected change in inflation has no impact on the unemployment rate
a. True b. False Indicate whether the statement is true or false
Figure 10-6
In Figure 10-6, which graph best illustrates the effect of the beginning of the Iraq war in 2003?
a.
(1)
b.
(2)
c.
(3)
d.
(4)
Based on the graph for saving incentives, a tax law change encouraging saving would ______.
a. create a higher equilibrium quantity of loanable funds exchanged
b. create a lower equilibrium quantity of loanable funds exchanged
c. have no influence on the equilibrium quantity of loanable funds exchanged
d. drive the equilibrium quantity of loanable funds exchanged to zero