This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the rational expectation hypothesis, disequilibrium may exist in the labor market because (Read 44 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

If all firms have rational expectations and wages and prices are flexible, there will be


◦ high unemployment because firms set their wages above the equilibrium wage rate.
◦ a shortage of labor because firms set their wage below the equilibrium wage rate.
◦ no unemployment.
◦ high unemployment because firms know the "true model."

Question 2

According to the rational expectation hypothesis, disequilibrium may exist in the labor market because


◦ of unpredictable shocks.
◦ firms don't know the "true model."
◦ workers don't know the "true model."
◦ of predictable shocks.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Collmarie on Apr 19, 2019

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Collmarie

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
TY


raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

A hypothesis that suggests an explanation of the function of the gene that is defective in patients A hypothesis that suggests an explanation of the function of the gene that is defective in patients
The trophic cascade hypothesis. The trophic cascade hypothesis.
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Selected Pediatric Drugs for Which Specific Indications and Dosage Guidelines Exist Selected Pediatric Drugs for Which Specific Indications and Dosage Guidelines Exist
Stages of labor. Stages of labor.
Translation at endoplasmic reticulum–bound ribosomes and the signal hypothesis Translation at endoplasmic reticulum–bound ribosomes and the signal hypothesis
Video: Muscle cell structures - actin, myosin and titin filaments

For a complete list of videos, visit our video library