The replacement ratio is
A: the reservation wage divided by the wage rate offered on a new job
B: the reduction in real GDP caused by a 1 percent reduction in unemployment benefits
C: after-tax income while unemployed divided by after-tax income while employed
D: the wage rate offered on a new job divided by unemployment benefits
E: the increase in the unemployment rate caused by a 1 percent increase in the inflation rate
A: the reservation wage divided by the wage rate offered on a new job
B: the reduction in real GDP caused by a 1 percent reduction in unemployment benefits
C: after-tax income while unemployed divided by after-tax income while employed
D: the wage rate offered on a new job divided by unemployment benefits
E: the increase in the unemployment rate caused by a 1 percent increase in the inflation rate
举一反三
- The natural rate of unemployment will most likely increase if A: the minimum wage rate is decreased B: unemployment benefits are increased C: monetary growth is decreased D: income taxes are increased E: all of the above
- An increase in taxes on labor income shifts the labor supply curve ________ and the ________. A: leftward; after-tax wage rate falls B: rightward; before-tax wage rate rises C: leftward; after-tax wage rate rises D: rightward; before-tax wage rate falls
- What is the result of a tighter labor market? A: It can produce wage growth. B: It can increase unemployment rate. C: It can produce wage reduction D: It can lower unemployment rate
- An increase in the population and hence the supply of labor causes a A: shortage of labor at the original real wage rate and the real wage rate will fall. B: surplus of labor at the original real wage rate and the real wage rate will rise. C: surplus of labor at the original real wage rate and the real wage rate will fall. D: shortage of labor at the original real wage rate and the real wage rate will rise.
- As the economy enters a boom we can generally expect that A: inflation will decrease with little change in the unemployment rate B: unemployment will increase and inflation will decrease C: nominal GDP will increase but only because of an increase in the price level D: inflation will increase and the unemployment rate will decrease E: output will increase with little change in unemployment or inflation