Which of the following factors have not contributed to the "Great Moderation" of real GDP in the U.S. over the past 20 years?
a. Better inventory management
b. Better macroeconomic policy
c. Greater availability of financial products for lending and borrowing
d. Imposition of a ceiling on interest rates
e. Smaller real shocks
d
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A compensating wage differential is a wage premium paid in order to:
A) recognize a more efficient employee. B) attract workers who have a family to support. C) improve the goodwill of a firm hiring workers. D) attract workers to otherwise undesirable occupations.
Suppose Russia's inflation rate is 200% over one year but the inflation rate in Switzerland is only 2%. According to relative PPP, what should happen over the year to the Swiss franc's exchange rate against the Russian ruble?
What will be an ideal response?
Several arguments suggest that low-income countries might have an advantage achieving greater worker productivity and economic growth in the future. Give two such arguments
A tax that is placed on the quantity of the item being purchased, such as gallons of it, is called a(n)
A. Excise tax. B. Property tax. C. Income tax. D. None of the choices are correct.