In order for education to be effective as a signal of worker productivity it must be
A. easy for everyone to get a college degree.
B. that the employee has taken classes in economics.
C. costly for less productive workers to imitate.
D. none of the above make education an effective signal.
Answer: C
Economics
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If you believe that expectations react slowly, you are likely:
a. a believer in rational expectations b. a Keynesian c. a theoretical economist d. None of these.
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Which of the following has never been a monetary policy tool of the Fed?
A) open market operations B) the required reserve ratio C) the discount rate D) the term auction facility (TAF) program E) income tax rates
Economics