In the short run, ________ increases the quantity of labor demanded by the firm
A) a decrease in the price of the firm's output
B) an increase in the prices of other factors of production used by the firm
C) a technological advance that decreases the marginal product of labor
D) a decrease in the wage rate
D
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"The decision to employ an additional unit of labor depends on whether the value of marginal product is greater than or smaller than the wage rate." Is the previous statement correct or incorrect?
What will be an ideal response?
If the dollar interest rate is 10 percent and the euro interest rate is 6 percent, then
A) an investor should invest only in dollars if the expected dollar depreciation against the euro is 8 percent. B) an investor should invest only in euros if the expected dollar depreciation against the euro is 8 percent. C) an investor should be indifferent between dollars and euros if the expected dollar depreciation against the euro is 8 percent. D) an investor should invest only in dollars. E) an investor should invest only in euros.
The market for General Motors' bonds
a. exists only within the geographical boundaries of the United States b. is not defined by its geographic location c. is at the New York Stock Exchange d. is at the U.S. Treasury e. is in London, England
If nominal wage rates increase by 2 percent per year and the price level increases by 5 percent per year, real wages will _____
Fill in the blank(s) with the appropriate word(s).