An increase in disposable income would tend to shift aggregate demand right
a. True
b. False
Indicate whether the statement is true or false
True
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The price for labor is the wage rate. What happens to the supply of labor if wages increase?
a. It increases. b. It decreases. c. It does not change. d. Uncertain-economic theory has no answer to this question.
Municipal solid waste (MSW)
a. refers to the collection of hazardous and toxic wastes disposed of in local communities b. can cause problems if improperly managed c. poses no health or ecological risks to society d. is a problem only in developing countries
A profit-maximizing competitive firm will hire workers up to the point at which the wage equals the marginal product of labor
a. True b. False Indicate whether the statement is true or false
If the Fed _____________________, the money supply will ultimately __________
A) raises the discount rate relative to the federal funds rate; decrease B) lowers the discount rate relative to the federal funds rate; increase C) lowers the discount rate relative to the federal funds rate; decrease D) raises the discount rate relative to the federal funds rate; increase E) a and b