The capture theory of regulation assumes that regulation benefits

A) producers.
B) consumers.
C) government.
D) the general public.
E) the regulators.

A

Economics

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A structured and simplified version of reality that can be used to explain real-world behavior is called

A) an economic model. B) a rationality assumption. C) a postulate. D) a normative alternate reality.

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In the DMP model, a decrease in the unemployment insurance benefit

A) increases the unemployment rate. B) reduces labor market tightness. C) reduces the unemployment rate. D) reduces the vacancy rate.

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