Which of the following statements is true of wages, educational attainment, and gender?
a. Male workers are compensated for attending college, while female workers generally are not.
b. Female workers are compensated for attending college, while male workers generally are not.
c. Both genders receive a higher wage for attending college.
d. Neither gender receives a higher wage for attending college.
c
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An outside lag is the time period it takes economists to formulate a stabilization policy
Indicate whether the statement is true or false
Suppose a bank repays a $10 million discount loan that it had previously borrowed from the Fed. Illustrate how this affects the balance sheets of the Fed and the banking system
What will be an ideal response?
In the long run, changes in the money supply affect only the price level because
a. the aggregate demand curve is vertical. b. the aggregate demand curve is downward sloping. c. the long-run aggregate supply curve is vertical. d. the long-run aggregate supply curve is upward sloping. e. current real GDP is less than the economy's potential GDP.
One reason that an efficiency wage leads to greater worker productivity is that:
A. it is set right at market equilibrium which creates an efficient labor market. B. earning more than the market wage gives workers an incentive to stay with the firm. C. it deters workers from trying to start a union. D. due to competition for their jobs, which are now desired, firms to pay less overall for a worker in the long run.