The Phillips curve summarizes the historical relationship between unemployment and inflation. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
The EITC provides substantial work incentive for low-income workers and has only positive supply effects. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Inflation reduction is more politically popular than full employment and poverty reduction. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
The EITC creates an incentive to understate income for workers whose earnings are less than the wage ceiling for maximum credit. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Every fiscal or monetary action will affect the distribution of output as well as its volume. Indicate whether the statement is true or false ANSWER T
Date: September 9th, 2020
Aggregate demand policy, training programs, work requirements, tax credits, and family policies are mutually exclusive alternatives. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
To remedy the problem faced by low-skilled job seekers, more attention must be paid to the level of demand, not the structure of demand. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
Training policies adapt the demand for labor to the supply of labor. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
The amount of upfront training employers have to provide varies directly with unemployment rates. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
CETA’s heavy emphasis on public sector employment was regarded as a success. Indicate whether the statement is true or false ANSWER F
Date: September 9th, 2020
