In the DMP model
A) the market wage is equal to the marginal product of labor.
B) the market wage is equal to the marginal rate of substitution of leisure for consumption.
C) the wage is equal to the marginal rate of transformation.
D) the wage is determined by bargaining between the firm and the worker.
Correct Answer:
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Q6: If N is the working-age population,Q is
Q7: The employment/population ratio is
A) more volatile than
Q8: In the DMP model,
A) Firms maximize profits.
B)
Q9: An important feature of the DMP model
Q10: If N is the working-age population,Q is
Q12: If A is the number of job
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
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