All of the following are true of the labor-supply and labor-demand curves intersection except they:

A. only intersect once.
B. intersect at the revenue-maximizing quantity for the firms in the market.
C. intersect at the equilibrium wage.
D. intersect at the profit-maximizing quantity for the firms in the market.


Answer: B

Economics

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What will be an ideal response?

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If the Fed purchases $50,000 in T-bills from a bank, by how much will the bank's excess reserves increase?

A) by $50,000 B) by $50,000 times the required reserve ratio C) by $50,000 divided by the required reserve ratio D) Not enough information has been provided to answer the question.

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The following table shows the aggregate supply and demand data for a country.


What is the equilibrium price level?
a. 200
b. 400
c. 500
d. 800

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A "capitalist" is someone who:

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