If most of the shocks that buffet the economy come from the output market shocks, then
A) fixed exchange rates are better than flexible exchange rates.
B) flexible exchange rates are better than fixed exchange rates.
C) which system is chosen is not important.
D) fixed exchange rates are better than flexible exchange rates only in the short run.
E) flexible exchange rates are better than fixed exchange rates only in the short-run.
B
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Employer provided health care limits the moral hazard problem to a large degree
a. True b. False
Which types of models are built with assumptions?
a. economic models, but not models in other disciplines such as physics and biology b. economic models as well as models in other disciplines such as physics and biology c. models that are built for teaching purposes but not for research purposes d. bad models
Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to nominal GDP in 2015 was ________ and to real GDP in 2015 was ________.
A. $80,000; $80,000 B. $88,000; $90,000 C. $80,000; $88,000 D. $80,000; $99,000
Of the dozens of studies that study the effect on wages, most of the studies show that immigration decreases the wages of
A. native workers with low levels of education. B. native PhD holders. C. foreign PhD holders in the U.S. D. college students.