Skill-biased technological has different effects on the marginal products of ________ workers and ________ workers.
A. male; female
B. government; private-sector
C. union; nonunion
D. higher-skilled; lower-skilled
Answer: D
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If velocity is equal to 6, and the quantity of money is $50 billion, according to the equation of exchange, nominal GDP is equal to
A) $300 billion. B) $150 billion. C) $18 billion. D) $8.3 billion. E) $56 billion.
If an individual receives $10,000 after two years by investing $10,000 today, we can conclude that ________
A) the rate of inflation is zero B) the market rate of interest is zero C) the rate of inflation is negative D) the market rate of interest is negative
Having a well-known brand name associated with high quality is
A. is a value to consumers. B. can take a long time to establish. C. can be costly to maintain. D. All of these statements are true.
A major force leading the U.S. economy to full employment after the Great Depression was
a. higher interest rates. b. higher reserve requirements. c. government spending for World War II. d. automobile production.