The internal rate of return is likely to lead to incorrect decisions.
A. True
B. False
C. Uncertain
A. True
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A temporary decrease in government purchases causes the real interest rate to ________ and the price level to ________ in general equilibrium
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
A critical component of supply-side economics is that
a. there is no wage that is so low that someone will not be willing to work for it. b. as the wage gets higher, workers choose significantly less leisure. c. labor supply is inelastic. d. as the wage gets higher, workers are richer and choose more leisure.
Labor force participation is a guaranteed ticket out of poverty
Indicate whether the statement is true or false
To get a profit-maximizing firm in a perfectly competitive labor market to hire another worker, the firm will need to
A. raise the wage rate paid to the last worker hired only. B. lower the wage rate paid to the last worker hired only. C. raise the wage rate paid to that last worker hired and also to all previous workers hired. D. lower the wage rate paid to that last worker hired and also to all previous workers hired.