If a new economics educator with a Ph.D. finds work as a taxi driver, but continues to look for a professorship, he is counted as employed

Using the marginal product theory of wages, a worker's "real" wage is:

a. twice the amount of the "money" wage. b. what the "money" wage will purchase in terms of products. c. what she earns after taxes. d. what she would earn if her employer paid her fairly.

The difference between fiscal policy and monetary policy is that

a. fiscal policy is macroeconomic policy and monetary policy is microeconomic policy b. monetary policy is macroeconomic policy and fiscal policy is microeconomic policy c. fiscal policy involves regulation of natural monopolies and monetary policy involves the provision of public goods d. monetary policy involves regulation of the money supply and fiscal policy involves government spending and taxing e. fiscal policy involves the promotion of competition and monetary policy involves collecting money to pay for taxes