18. The Beveridge curve gives a a. Positive; Inflation and unemployment b. Positive; Inflation and employment c. Negative; Inflation and unemployment relationship between d. e. Negative; Market tightness and unemployment Non-monotone; Money growth and unemployment
18. The Beveridge curve gives a a. Positive; Inflation and unemployment b. Positive; Inflation and employment c. Negative; Inflation and unemployment relationship between d. e. Negative; Market tightness and unemployment Non-monotone; Money growth and unemployment
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:**Question 18:**
The Beveridge curve gives a _____ relationship between ________.
a. Positive; Inflation and unemployment
b. Positive; Inflation and employment
c. Negative; Inflation and unemployment
d. Negative; Market tightness and unemployment
e. Non-monotone; Money growth and unemployment
**Question 19:**
The wage in the Mortensen-Pissarides model is a weighted average of ____ and _____.
a. Worker’s bargaining power; unemployment benefits
b. Labor productivity; Unemployment benefits
c. Profits; Worker’s bargaining power
d. Minimum wage; labor productivity
e. Recruiting costs; minimum wage
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