If the price effect outweighs the income effect of a wage increase, the labor-supply curve will:
A. be perfectly flat.
B. be perfectly horizontal.
C. slope upward.
D. slope downward.
Answer: C
You might also like to view...
If the deficit is financed by selling bonds to the ________, the money supply will ________, increasing aggregate demand, and leading to a rise in the price level
A) public; rise B) public; fall C) central bank; rise D) central bank; fall
The price of bonds and the interest rate are
A) inversely related. B) positively related. C) unrelated. D) related, but we are not sure how.
Which of the following would cause a short-run decrease in the quantity supplied of personal computers?
A) The price of CPUs decreases. B) The price of software decreases. C) The number of PC manufacturers decreases. D) The cost of manufacturing PCs decreases.
What are the two main sources of financial capital in the United States?
a. financial inflows from foreign investors and businesses in the United States b. financial outflows to foreign investors and private savings of individuals and firms c. private savings of individuals and firms and financial inflows from foreign investors d. financial inflows from foreign investors and government savings