Data on labor-force flows show that
A) almost all separations are due to death.
B) almost all separations are due to serious illness.
C) almost all separations are quits.
D) almost all separations are layoffs.
E) none of the above
E
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Which of the following individuals is the best example of a structurally unemployed worker?
A) a recent college graduate who has entered the labor force B) an individual who has been laid off from his job because of a business cycle recession C) an automobile worker who has lost her job because of an increase in automobile imports and does not have the skills currently needed by businesses D) an individual who quits one job in the hope of finding a better job
The tax multiplier is most likely to be larger than the expenditure multiplier when ________
A) monetary policy is at the zero lower bound B) rising inflation causes the real interest rate to decline C) when the change in tax revenue is large relative to the change in government purchases D) the expansionary fiscal policy is expected to be followed by higher taxes
A 5 percent tax is going to be applied to a $100,000 tax base. What can be said about the revenue collected assuming static tax analysis?
A) The total revenue will be zero. B) The total revenue will be between $0 and $5,000. C) The total revenue will be $5,000. D) There is not enough information to determine what revenues will equal.
A person who is willing to take a bet with an expected value of one is called risk-neutral.
Answer the following statement true (T) or false (F)