The job loss rate
A) equals 1 minus the job finding rate.
B) remains constant over the business cycle.
C) rises in recessions.
D) rises in expansions.
C
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Credibility is not important in ________
A) new Keynesian and traditional Keynesian theory B) real business cycle and traditional Keynesian theory C) real business cycle and new Keynesian theory D) traditional Keynesian, new Keynesian and real business cycle theory
Under the non-strategic view of bargaining, the terms of agreement are determined by
a. The rules of the game b. The alternatives to agreement c. The precise form of negotiations d. All of the above
Consider the labor market for nurses, which initially is in equilibrium. Suppose the output price for nursing services increases. Holding all else equal, what effect will this have on the labor market for nurses?
a. The equilibrium wage will increase, and the equilibrium quantity of nurses will increase. b. The equilibrium wage will increase, and the equilibrium quantity of nurses will decrease. c. The equilibrium wage will decrease, and the equilibrium quantity of nurses will increase. d. The equilibrium wage will decrease, and the equilibrium quantity of nurses will decrease.
Between 1989 and 1994 the poverty rate went _____.
A. down substantially B. down slightly C. up slightly D. up substantially