Multiple Choice
In the DMP model,
A) There are N firms, Q is the labor force, and N-Q is the vacancy rate.
B) There are N consumers, Q is the labor force, and N+Q is the number of consumers choosing home production.
C) There are Q consumers, N is the labor force, and N-Q is the number of consumers choosing home production.
D) There are N consumers, Q is the labor force, and N-Q is the number of consumers choosing home production.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: The average unemployment rate was lowest during
Q12: In the Keynesian DMP model,if the wage
Q13: In the DMP model,a decrease in matching
Q14: The employment/population ratio is<br>A) more volatile than
Q15: The participation rate is<br>A) countercyclical<br>B) more variable
Q17: The unemployment rate is<br>A) countercyclical<br>B) procyclical<br>C) a
Q18: In the DMP model,an increase in productivity
Q19: An important feature of the DMP model
Q20: The matching function captures the idea that<br>A)
Q21: If N is the working-age population,Q is