If total private-sector employment increased from 15,000 in March to 15,750 in April, then we know for sure that
A) the private sector created 750 jobs during that time frame.
B) the unemployment rate deceased during that time frame.
C) the change in private-sector employment was 750 during that time frame.
D) All of the above answers are correct interpretations of the information.
C
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Suppose the economy was in equilibrium, and the national government increased spending by $200 billion. Monetarist theory would predict that the nation's:
a. Real risk-free interest rate will rise causing real GDP to fall. b. Real risk-free interest rate will rise causing the monetary base, and therefore, the money supply to rise. c. Real risk-free interest rate will remain unchanged, but the money multiplier will rise. d. Real risk-free interest rate will fall causing real GDP to rise. e. Real risk-free interest rate will rise but real GDP will remain the same.
Which of the following is not an example of a compensating differential?
a. paying workers who do dull, boring work higher wages than workers who do fun, interesting work, all else equal b. paying workers who work on the night shift higher wages than workers who work the day shift, all else equal c. paying workers who do more dangerous work higher wages than workers who do less dangerous work, all else equal d. paying workers with PhDs higher wages than workers with BAs, all else equal