The evidence from wage data allows us to conclude that nonsupervisory workers were economically worse off in 2008 than 1975
a. This conclusion is correct because such workers have been suffering form increasing unemployment since 1975
b. This conclusion is correct because such workers have been receiving an ever-decreasing share of their income in nonwage benefits.
c. This conclusion is correct because nominal wages for such workers have stayed constant since 1975.
d. This conclusion is correct because nominal wages for such workers have fallen since 1975.
e. This is a mistaken conclusion because the CPI overstates inflation.
E
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Which of the following is a Eurodollar claim?
A) A U.S.-dollar deposit by a London firm in a Kansas City bank B) A Swiss-franc deposit by a German firm in a Swiss bank C) A U.S.-dollar deposit by a New York firm in a London bank D) A Canadian-dollar deposit by a London firm in a Toronto bank
Lula Panagis, a bright new Ph.D. in economics, turned down many job offers because she hopes eventually to receive an offer from one of the top 10 universities. The type of unemployment she is experiencing is
a. frictional b. structural c. involuntary d. cyclical e. underemployment