Paying a higher wage to attract and retain more productive workers is called:
a. wage discrimination.
b. signaling.
c. screening worker's skill set.
d. paying efficiency wages.
d
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As the housing bubble began to burst in 2006-2008, investors would only buy mortgage-backed securities at high yields to compensate for higher perceived default risk. As a result::
A) banks suffered significant capital losses as the value of their holdings of mortgage-backed securities declined B) funds available for mortgages increased C) bank profits rose as they earned higher interest on mortgages D) the price of mortgage-backed securities tended to rise due to the higher yields
States that restrict banks to having a single branch are said to require
A) mono banking. B) nonbank banking. C) unit banking. D) semi-banking.
Initially a bank has a required reserve ratio of 15 percent and no excess reserves. If $10,000 is deposited in the bank, then, ceteris paribus,
A. This bank can increase its loans by $1,500. B. This bank can increase its loans by $8,500. C. Total reserves will increase by $8,500. D. Required reserves will increase by $10,000.
The long-run Phillips curve is consistent with monetary neutrality implied by the classical dichotomy
a. True b. False Indicate whether the statement is true or false