In the DMP model, an increase in productivity does not
A) reduce the unemployment rate.
B) increase the vacancy rate.
C) increase labor market tightness.
D) increase the size of the labor force.
D
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In comparing the changes in actual budget surplus and the structural surplus between 1993 and 1999, it is clear that the
a. actual surplus rose less than the structural surplus. b. actual surplus and the structural surplus rose about the same. c. actual surplus rose much more than the structural surplus. d. tax increases of 1993 decreased the structural surplus more than they decreased the actual surplus.
In the United States there is evidence of:
A. increasing was equality. B. a decline in real wages. C. a decrease in the proportion of the population over the age of 16 that is employed. D. increasing wage inequality.
Table 14.1Refer to Table 14.1. In which market do buyers underestimate the chance of getting a lemon?
A. 1 only B. 2 only C. 3 only D. 1 and 3 only
If Apple, a company that produces smartphones, purchases a company that specializes in developing phone apps, we would have an example of
A) a horizontal merger. B) a vertical merger. C) a monopoly. D) excessive product differentiation.