The DMP model is consistent with which of the following business cycle facts?
A) The unemployment rate is procyclical and the vacancy rate is procyclical.
B) The unemployment rate is countercyclical and the vacancy rate is acyclical.
C) The unemployment rate is countercyclical and the vacancy rate is countercyclical.
D) The unemployment rate is countercyclical and the vacancy rate is procyclical.
E) The unemployment rate is acyclical and the vacancy rate is procyclical.
Correct Answer:
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Q27: In the DMP model,an increase in productivity
A)
Q28: The matching function captures the difficulties in
A)
Q29: In equilibrium,an decrease in matching efficiency
A) increases
Q30: In the DMP model,firms continue posting vacancies
Q31: Changes in matching efficiency are particulariliy important
Q33: In the DMP model,Nash Bargaining implies
A) the
Q34: An increase in matching efficiency,e,could help high
Q35: In equilibrium,an increase in Employment Insurance benefits
A)
Q36: In equilibrium in the DMP model,aggregate output
Q37: Which of the following is an assumption
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