Which would be an example of a negative side effect of pay for performance plans?
A. Profit sharing plans will tend to decrease the "free-ride" that some workers get by being part of a team
B. Employers get greater effort from workers by paying them a relatively high, above-equilibrium wage
C. Workers have to take additional schooling to learn skills that will enable them to keep their jobs
D. An increase in production from piece work can result in a decline in product quality
D. An increase in production from piece work can result in a decline in product quality
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Unemployment arising from job search is called:
A) disguised unemployment. B) frictional unemployment. C) structural unemployment. D) cyclical unemployment.
You can determine the lag lengths in a VAR
A) by using confidence intervals. B) by using critical values from the standard normal table. C) by using either F-tests or information criteria. D) with the help from economic theory and institutional knowledge.