1.

In the labor market model studied in class, we looked at worker's bargaining power as a function of both the nature of the job and the economy-wide labor market conditions. Consider the job of an oncology nurse and a barista. In which of these jobs does a worker have more bargaining power? A. A nurse would have more bargaining power because the skill requirements are higher. O B. A barista would have more bargaining power because the job is more easily transferable to different locations. O C. A nurse would have more bargaining power because there are many workers with the same skills. O D. A barista would have more bargaining power because there are many jobs that require the same skills. To assess labor market conditions, it would be best to look at the when this rate is high, workers will have bargaining power. labor force participation rate unemployment rate GDP growth rate separation rateIn the model of the IS-LM for a closed economy, if interest rates are very close to zero, and there is a sudden drop in consumer confidence: A. The government should implement an increase in taxes to increase output. O B. The government may not be able to use expansionary fiscal policy to increase output. O C. The central bank could use expansionary monetary policy to increase output. O D. The central bank may not be able to use monetary policy to increase output