Which of the following would not be associated with a favorable supply shock?
a. the short-run Phillips curve shifts left
b. unemployment falls
c. the price level rises
d. output rises.
c
Economics
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The belief that education makes a person more productive and thereby raises his or her wage is referred to as the
a. signaling view of education. b. natural-ability view of education. c. unmeasured-variables view of education. d. human-capital view of education.
Economics
If Jane works for 6 hours she can rent out 9 apartments, and if she works for 7 hours she can rent out 12 apartments. The marginal benefit of Jane's 7th hour of work equals:
A. 1 apartment B. 9 apartments C. 12 apartments D. 3 apartments
Economics