A firm will continue hiring labor until the MRP of labor _______ the price of labor.
A. is equal to
B. determines
C. is less than
D. is greater than
A. is equal to
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You are given the following budget data for a country that has both a central government and local governments
(a) How much is the deficit for the central government, the local government, and the total of the central and local governments? (b) How much is the primary deficit for the central government, the local government, and the total of the central and local governments?
What is the equilibrium payoff for the stores?
a. Megastore $95 and Superstore $80 b. Megastore $305 and Superstore $55 c. Megastore $65 and Superstore $285 d. Megastore $165 and Superstore $115
Any reserves held by a bank above the amount of minimum legal reserves are called
a. total reserves. b. required reserves. c. fiat money. d. excess reserves.
Americans needing foreign currencies get those currencies from a bank. The ultimate source of these currencies is
a. U.S. investments abroad. b. U.S. sales to foreign countries. c. U.S. purchases of foreign goods, services, and assets. d. the International Monetary Fund.