YearSalaryCPI1969$20,52036.71979$43,26572.61989$85,529124.01999$135,250166.62009$170,844214.5How can we use the information from the table shown to compare the real value of the 1979 salary to that of the one earned in 2009?
A. You need to put the 2009 salary into real 2009 terms to compare it to 1979.
B. You can see that the salary has increased from $43,265 to $170,844.
C. You need to put both salaries into real dollars in the same year for comparison.
D. There is no real way to compare the two without more information.
Answer: C
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In the DMP model, a decrease in matching efficiency
A) has no effect on vacancies. B) reduces the unemployment rate. C) increases labor market tightness. D) increases the size of the labor force.
A market with four firms in competition with each other has a equilibrium price of $6 and equilibrium quantity of 100,000. If the four firms form a cartel, the cartel, set price will be ________ than $6 and the set quantity will be ________ than 100,000.
A) greater; less B) less; greater C) greater; greater D) less; less
An example of a nonrenewable resource would be:
A. a computer. B. wireless technology. C. sunlight. D. None of these is considered a nonrenewable resource.
An increase in the price level will: a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply. b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply. c. increase short-run aggregate supply
d. decrease short-run aggregate supply.