Which of the following statements is true?
A) Job search refers to the activities that workers undertake to find appropriate jobs.
B) It is easier to find full-time suitable employment than to find seasonal part-time employment.
C) In a competitive market, workers who demand a wage higher than the equilibrium wage rate are likely to get employed faster.
D) Job search is normally a month-long process.
A
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As the unemployment rate increases,
A) potential GDP decreases. B) real GDP decreases. C) both real GDP and potential GDP decrease. D) potential GDP increases. E) full employment GDP decreases.
Which of the following will tend to occur when the interest rate increases?
A) The demand for money curve shifts leftward. B) The demand for money curve shifts rightward. C) There is a rightward movement along the demand for money curve. D) There is a leftward movement along the demand for money curve.
Which of the following examples can be associated with the task specificity aspect of an asset?
a. An employer's investment in employee skill building. b. Purchasing machines which can be used to produce only a particular product. c. Building a facility in a low cost locality. d. An employer's investment in office renovation.
If real GDP doubles and the GDP deflator doubles, then nominal GDP
a. remains constant. b. doubles. c. triples. d. quadruples.