Refer to the figure above. If there is no wage rigidity in the labor market, how much unemployment is created after the labor demand curve shifts to LD2?
A) 30 units B) 0 units C) 20 units D) 10 units
B
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Of the three players in the money supply process, most observers agree that the most important player is
A) the United States Treasury. B) the Federal Reserve System. C) the FDIC. D) the Office of Thrift Supervision.
In the ________________ of externalities, the market equilibrium is ______________ efficient because it maximizes the net social benefit.
a. absence; ecologically b. presence; ecologically c. absence; economically d. presence; economically e. absence; environmentally
Suppose Lando Calrissian owns a smuggling business whose total revenue is $30,000 per month. The accompanying table shows Lando's monthly expenses. If Lando weren't a smuggler, he would earn $6,000 per month working for the Rebel Alliance. Apart from pay, Lando is indifferent between working as a smuggler and working for the Rebel Alliance.Fuel$4,000Maintenance$12,000Weapons$6,000Bribes$3,000 What is Lando's accounting profit each month?
A. $5,000 B. ?$1,000 C. ?$5,000 D. $1,000
The demand curve for labor of Coca-Cola manufacturers will not shift to the right if:
A. Coca-Cola workers become unionized. B. the price of Coca-Cola increases. C. the firms innovate with new technology that raises labor productivity. D. the price of Pepsi increases.