Everything else equal, an increase in the demand for labor will
a. increase the real wage rate, employment, and real output
b. reduce the real wage rate, employment, and real output
c. increase the real wage rate but decrease employment and real output
d. reduce the real wage rate but increase employment and real output
e. increase the real wage rate and employment, but leave real output unchanged
A
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One example of a Phillips Curve would be a
A) positive relationship between deviations from trend in real and nominal interest rates. B) negative relationship between deviations from trend in real and nominal interest rates. C) positive relationship between deviations from trend in the level of prices and the level of aggregate economic activity. D) negative relationship between deviations from trend in the level of prices and the level of aggregate economic activity.
Suppose Guild produces 5,000 guitars per year. Its average total cost is $90, and its fixed cost is $250,000 . What is its variable cost?
a. $250,000 b. $450,000 c. $25,000 d. $56,000 e. $200,000
_____________is the extra revenue associated with the production and sale of one additional unit of output.
Fill in the blank(s) with the appropriate word(s).
The risk premium that investors associate with a bond increases with all of the following except:
A. maturity. B. inflation risk increases. C. an improved bond rating. D. interest-rate risk.