Which of the following would be associated with an inflationary gap?
a. interest rates too low
b. business expectations pessimistic
c. inventory levels too low
d. stock market crash
e. All of the above.
c
Economics
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A survey of earnings contains an unusually high fraction of individuals who state their weekly earnings in 100s, such as 300, 400, 500, etc. This is an example of
A) errors-in-variables bias. B) sample selection bias. C) simultaneous causality bias. D) companies that typically bargain with workers in 100s of dollars.
Economics
As the wage rate increases, the quantity of labor supplied by an individual worker will:
a. invariably increase b. invariably decrease. c. first increase and then decrease. d. first decrease and then increase. e. remain constant.
Economics