Lec 25 Questions

Lec 25 Questions - 2. According to the data, the period in...

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Econ 101 Class 25 Questions 1. Econ 101 M. Salemi Econ 101 M. Salemi The Effect of Skill The Effect of Skill -Biased Technological Biased Technological Change on Wage Inequality Real Wage Unskilled workers Skilled workers D’ D’ S D S D Which of the following statements correctly describes the previous demand and supply diagrams? The diagrams show how an improvement in technology will … A. Raise the demand for high and low skilled labor. B. Lead to higher unemployment of skilled workers who are replaced by the technology. C. Increase the wage gap between high and low skilled workers. ** D. Lead to higher employment of workers generally.
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Unformatted text preview: 2. According to the data, the period in which borrowing money was the least expensive was: A. The 1960s B. The 1970s ** C. The 1980s D. The 1990s 3. Which of the following changes will raise the equilibrium rate of interest? A. An increase in household saving due to the aging of baby boomers. B. A increase in U.S. exports. C. A decrease in the U.S. government budget deficit. D. A decrease in saving by firms. ** Real Rate of Interest-8.00-4.00 0.00 4.00 8.00 12.00 16.00 Jan-59 Jan-63 Jan-67 Jan-71 Jan-75 Jan-79 Jan-83 Jan-87 Jan-91 Jan-95 Jan-99 Jan-03 Date Percent...
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This note was uploaded on 03/02/2009 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.

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