One determinant of the natural rate of unemployment is the
a. rate of growth of the money supply.
b. minimum wage rate.
c. expected inflation rate.
d. All of the above are correct.
b
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If firms adopt a strategy that triggers a permanent punishment, the result in an indefinitely repeated game is
A) undefined. B) the noncooperative Nash equilibrium. C) the collusive Nash equilibrium. D) economically inefficient.
A _________ card is an instruction to the user’s bank to transfer money directly and immediately from your bank account to the seller.
a. smart b. debit c. credit d. money
The procedure of comparing different instrumental variables estimates of the same parameter is an example of testing _____.
A. overidentifying restrictions B. endogeneity C. heteroskedasticity D. serial correlation
GDP is a measure of:
A. domestic production. B. changes in the general level of prices. C. material well-being. D. social welfare.