A college education can be a signal because
A) a college education is expensive.
B) those who graduate college have successful parents, and are therefore also likely to be successful.
C) highly capable people are more likely to finish college than those with low capabilities.
D) college teaches useful skills and gives valuable training.
C
Economics
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When taxpayers pay more in taxes because of inflation even when the nominal tax structure remains the same, this is called _____
a. indexation b. bracket creep c. tax expenditure d. nominal rigidity
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
Economics