If all workers and all jobs were the same such that all workers were equally well suited for all jobs, then job search would not be a problem
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Table 10.1. The value of the tax multiplier in this economy is
A) 0. B) -2. C) -4. D) -5.
An increase in labor supply will cause, other things the same ________
A) real wages and employment to rise B) real wages to fall and employment to rise C) real wages to rise and employment to fall D) real wages and employment to fall
Under adaptive expectations, the short-term effect of an unanticipated shift to a more expansionary macroeconomic policy will be a:
A. temporary reduction in the unemployment rate. B. permanent reduction in the unemployment rate. C. temporary reduction in the inflation rate. D. permanent reduction in the inflation rate.
If the inflation rate turns out to be less than was expected to be, the clear losers are
A. businesses. B. lenders. C. people on incomes adjusted by a COLA. D. borrowers.