One reason dressing well for a job interview may not be an effective signal is
A. people who are more serious about getting a job will make the investment in a new suit.
B. buying a suit takes time away from studying.
C. it is costly for a person less interested in the job to buy a new suit.
D. a person who has successfully completed a job-training program might be unable to afford a new suit.
D. a person who has successfully completed a job-training program might be unable to afford a new suit.
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The new Keynesians believe that the economy is not always in equilibrium because:
a. of the existence of voluntary unemployment. b. the Federal Reserve policy is too restrictive. c. government intervention destabilizes the economy. d. of the existence of wage and price rigidities. e. the rate of inflation is too high.
If the price of inputs rises and foreign income rises:
a. Price index rises, and the change in real GDP is uncertain. b. Price index falls, and real GDP rises. c. Price index falls, and real GDP falls. d. Price index falls, and the change in real GDP is uncertain. e. The change in price index is uncertain, and real GDP rises.