The matching function exhibits all of the following properties except
A) diminishing marginal product of labor.
B) constant returns to scale.
C) increasing in matching efficiency.
D) increasing in inputs of searching consumers and firms.
Correct Answer:
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Q13: The matching function captures the idea that
A)
Q14: From 2009 to 2012
A) The Beveridge curve
Q15: The average unemployment rate was lowest during
Q16: In the DMP model,
A) There are N
Q17: The participation rate is
A) countercyclical
B) more variable
Q19: In the 1948-2012 data,the unemployment rate was
Q20: The negative correlation between the vacancy rate
Q21: A market failure associated with Keynesian economics
Q22: In the Keynesian DMP model,if the wage
Q23: In the DMP model,a decrease in productivity
A)
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