Employers rely on a job applicant's signals
a. because they are always an accurate indication of the applicant's skills
b. because actual abilities are not observable prior to employment
c. because actual abilities are not observable after the applicant is hired
d. only when hiring someone for an entry-level position
e. only when hiring someone who has a college degree
B
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Differences in productivity can actually benefit society even when this results in increases in income inequality
Indicate whether the statement is true or false
The Social Security Trust fund actually has no money in it and is filled with IOUs. Does this information impact your thinking regarding Social Security?
What will be an ideal response?
According to Keynesians, an increase in the money supply will:
a. decrease the interest rate, and increase investment, aggregate demand, prices, real GDP, and employment. b. decrease the interest rate, and decrease investment, aggregate demand, prices, real GDP, and employment. c. increase the interest rate, and decrease investment, aggregate demand, prices, real GDP, and employment. d. only increase prices.
If the productivity of labor diminishes only slowly as output increases, labor:
A. demand will most likely be elastic. B. supply will most likely be elastic. C. demand will most likely be inelastic. D. supply will most likely be inelastic.