User-feedback scores on eBay are an example of:
A. screening.
B. statistical discrimination.
C. building a reputation.
D. None of these statements is true.
C. building a reputation.
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If the minimum wage is set above the market wage,
A) highly-skilled workers will have a harder time finding jobs. B) the quantity of labor supplied will be below the quantity of labor demanded. C) unemployment will rise. D) All of the above are correct.
Which of the following macroeconomic variables would you include in an index of leading economic indicators?
A) Employment B) Inflation C) Real interest rates D) Residential investment
If Ricardian equivalence holds, one way to get the expansionary effects of a tax cut to occur is:
A. pair it with reduced government spending. B. pair it with increased government spending. C. to run a campaign inspiring people to buy goods made in the United States. D. None of these will create the expansionary effects of a tax cut.
Suppose each of the following rows represents the choice faced by policy makers given the current set of U.S. institutions and technology. What is the opportunity cost of reducing unemployment from 8 percent to 4 percent?UnemploymentInflation103846557410
A. 4 percentage points of unemployment B. 4 percentage points of inflation C. 6 percentage points of inflation D. 6 percentage points of unemployment