The increased labor force participation rates for women since the 1970s led most directly to ________
A) an increase in labor demand
B) a decrease in labor demand
C) a decrease in labor supply
D) an increase in labor supply
D
You might also like to view...
In the long run, we typically assume that ________
A) capital, labor, and technology are independent of the level of inflation B) the natural rate of unemployment is independent of the level of inflation C) aggregate supply is fixed and independent of the level of inflation D) all of the above E) none of the above
Those who favor active policy making argue that all of the following exist EXCEPT
A) perfectly flexible wages and prices. B) inflation and unemployment are stable in the short run and predictable in the long run. C) pure competition is not typical. D) aggregate demand shocks can influence real GDP and unemployment.
Just like a monopolist, a monopolistically competitive firm:
A. sets the price according to marginal revenue and marginal cost; the demand curve doesn't matter. B. cannot sell additional units of output without lowering the price. C. is a price taker. D. faces a perfectly elastic demand curve.
In the U.S. Steel case of 1920, the courts held that:
the structure of an industry is more important than its behavior in determining violations of the antitrust laws. B. any firm that faces substantial import competition is exempt from the antitrust laws. C. although U.S. Steel possessed monopoly power, it had not violated the Sherman Act because it had not unreasonably used that power. D. the fact that U.S. Steel possessed monopoly power was a violation of the Sherman Act.