In the Keynesian DMP model, if the wage is high then
A) the vacancy rate is low.
B) the unemployment rate is low.
C) labor market tightness is high.
D) the labor force must be low.
A
Economics
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When graphing a demand curve for corn, we are showing the relationship between the quantity demanded of corn and the
A) money price of corn. B) relative price of corn. C) income effect. D) substitution effect.
Economics
Refer to Figure 17-1. Suppose that the economy is currently at point A. If the Federal Reserve engaged in expansionary monetary policy, where would the economy end up in the short run?
A) It would remain at point A. B) point B C) point C D) point D E) point E
Economics