Most economists believe that the source of European high unemployment in the past two decades is
A) labor market institutions.
B) tight monetary policy.
C) tight fiscal policy.
D) financial crisis.
A
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Which of the following would be categorized as capital resources for a college or university?
a. water, trees, and the acreage a campus rests on b. chalkboards, overhead projectors, and computers c. exams, fuel oil (which heats the buildings), and electricity d. the work effort of registrars, clerical assistants and teaching assistants
The price system automatically leads to an efficient allocation of inputs among the different production processes
a. True b. False Indicate whether the statement is true or false
According to the Gerschenkron model, the impulse to overcome relative backwardness came from:
a. Emperor Hirohito b. The Tokugawa warriors c. The Emperor code d. Confucius e. The realization of relative backwardness
Which of the following would we not expect if government policy moved the economy up along a given short-run Phillips curve?
a. Teresa reads in the newspaper that the central bank recently raised the money supply. b. Jackie gets fewer job offers. c. Miguel makes larger increases in the prices at his health food store. d. Julie's nominal wage increase is larger.