Other things equal, the supply of labor will be higher to a job that
a. offers less prestige
b. offers fewer nonmonetary rewards
c. provides little on-the-job training
d. requires advanced education or skills
e. provides a climate-controlled work environment
E
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In the Keynesian model, a firm's high menu costs cause
A) real-wage rigidity. B) full employment. C) price stickiness. D) efficiency wages.
As the nominal interest rate increases ________
A) it becomes more costly to hold money instead of bonds B) the quantity of money demanded falls C) the opportunity cost of holding money rises D) all of the above E) none of the above
Bob just graduated from college and has just landed his first job with a local accounting firm that will start in three months. Bob plans to use that time to find a place to live, and adjust to the new area. Bob would be considered:
A. frictionally unemployed. B. employed. C. structurally unemployed. D. Bob is not in the labor force.
Explain how a bilateral monopoly equilibrium outcome differs from a purely competitive outcome.
What will be an ideal response?