Which of the following people would be considered unemployed?
A. A 55 year-old steel worker who was laid off 18 months ago and has given up trying to find a job
B. A woman who has quit college to move to New York where she is looking for a modeling job
C. A young man who has recently received his Ph.D. but who is driving a taxi because of an inability to find a teaching job
D. All of the choices are correct
B. A woman who has quit college to move to New York where she is looking for a modeling job
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A perpetuity is an annuity with a fixed term
a. True b. False
In an enforceable contract one or both parties could invest too little in relationship-specific assets that increase the economic value their joint efforts can create
Indicate whether the statement is true or false
Economists Novy-Marx and Rauh contend that
A. cities are in fine shape with regard to their pension liabilities, but that states are not. B. states and cities are in poor shape with regard to their pension liabilities. C. states are in fine shape with regard to their pension liabilities, but that cities are not. D. states and cities are in fine shape with regard to their pension liabilities.
Which of the following would cause the IS curve to shift to the left?
A) an increase in government expenditures B) a decrease in the money supply C) an increase in domestic investment D) a decrease in taxes