Multiple Choice
In order for the Keynesian DMP model to be consistent with Keynesian ideas,the high wage equilibrium needs to have
A) high unemployment and low output.
B) low unemployment and high vacancies.
C) high unemployment and high output.
D) low unemployment and high output.
E) low vacancies and high output.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In the DMP model,the size of the
Q2: According to the DMP model,in equilibrium labour
Q3: Government intervention influences the unemployment rate through<br>A)
Q4: The probability of finding a job is<br>A)
Q5: The DMP model is consistent with which
Q7: Which of the following best describes mismatch
Q8: In the DMP model,an increase in Employment
Q9: Labour market tightness is defined by<br>A) the
Q10: In equilibrium in the DMP model,aggregate output
Q11: Changes in matching efficiency are particulariliy important