A downward movement along the labor demand curve occurs when ________, assuming all else equal
A) the price of the output that the labor is used to produce increases
B) the price of the output that the labor is used to produce decreases
C) the wage rate increases
D) the wage rate decreases
D
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What is the financial capital market? Who are the suppliers in the market? Who are the demanders?
What will be an ideal response?
In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, a decline in the reserve requirement ________ the demand of reserves, ________ the federal funds rate, everything else
held constant. A) decreases; lowering B) increases; lowering C) increases; raising D) decreases; raising
Deterring entry might require a firm to
A) price their product closer to the competitive price than to the monopoly price. B) price their product closer to the monopoly price than to the competitive price. C) drop output almost to zero to show the consumers "who's boss." D) drop price almost to zero to get price below marginal cost.
In recent years, the United States has had large:
A. current account surpluses. B. current account deficits. C. balance of trade surpluses. D. balance of payments surpluses.