This topic contains a solution. Click here to go to the answer

Author Question: Refer to the scenario above. Which of the followings statements is true of the model? A) ... (Read 90 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
Refer to the scenario above. Which of the followings statements is true of the model?
 
  A) According to the model two additional years of education will increase an individual's future wages 1.20 times.
  B) The predictions of this model can be verified empirically.
  C) According to the model two additional years of education will increase an individual's future wages 2.98 times.
  D) The predictions of this model can only be applied for a limited number of years of additional education.

Question 2

If the real interest rate is greater than the nominal interest rate in an economy:
 
  A) inflation must be negative in the economy. B) inflation must be positive in the economy.
  C) inflation must be zero in the economy. D) the nominal interest rate must be equal to zero.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

  • Guest
Answer to Question 1

B

Answer to Question 2

A




Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 30, 2018
:D TYSM


milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library