Reference no: EM131687175

Note: NO credit is given for your response true, false or uncertain. You must give your reasoning.

1) TFU: The role of average weekly hours per worker in explaining variation in total hours worked per year is about as important as employment in determining total hours.

2) TFU: The role of average yearly hours per worker in explaining variation in total hours worked per year is about as important as employment in determining total hours.

3) TFU: In a world of job-finding and search, unemployment benefits should effect the wage accepted, but not the length of time spent searching for a job.

4) TFU: The number of monthly separations between workers and firms is about 200,000, equal to a decent month's job gains.

5) TFU: Because of diminishing returns to consumption, a household would be less than twice as happy if nominal income and nominal prices all doubled.