________ is fixed when moving along the aggregate supply curve
A) The real wage rate
B) Real GDP
C) Employment
D) The price level
E) The money wage rate
E
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An individual labor-supply curve represents:
A. a worker's decisions around how many hours to work at each alternative wage. B. the decisions of all workers around how many hours to work at each alternative wage. C. a firm's decisions around how many hours to hire at each alternative wage. D. the decisions of all firms around how many hours to work at each alternative wage.
Which of the following trends would lower the unemployment rate associated with full employment?
a. People become less educated over time. b. More people are willing to move to find a job. c. The government spends money to reduce the loss of jobs during a recession. d. A larger proportion of jobs are seasonal in nature. e. The federal government increases unemployment benefits.
The Clayton Act of 1914 prohibits "every contract, combination, or conspiracy in restraint of trade" and any "monopolization, attempted monopolization, or conspiracy or combination to monopolize."
a. True b. False Indicate whether the statement is true or false
Which is most clearly a variable cost?
A. Rent B. Wages of Production Workers C. Salaries of employees under long-term contract D. Interest payments