The quantity of labor demanded by a firm depends upon
A) the nominal wage rate not the real wage rate.
B) the real wage rate not the nominal wage rate.
C) both the real wage rate and the nominal wage rate.
D) neither the real wage rate nor the nominal wage rate.
E) either the real wage rate or the nominal wage rate, depending whether the price level is increasing or decreasing.
B
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Suppose Nara could invest her $1000 in a savings account or she could invest in the stock market
After one year, the savings account has a guaranteed 5 percent interest rate and the stock market has a 10 percent chance of tripling her money, and 90 percent chance of losing it all. What is the difference in Nara's expected wealth between these two options? A) $1050 B) $300 C) $750 D) $50
Most monetarists favor:
a. frequent changes in the growth rate of the money supply to avoid inflation. b. placing the Federal Reserve under the Treasury. c. a steady, gradual shrinkage of the money supply. d. a constant increase in the money supply year after year equal to the potential annual growth rate in real GDP.
As the uncertainty attached to a future payment ________, the expected value ________.
A. decreases; increases B. decreases; decreases C. increases; stays the same D. increases; becomes positive
Which of the following is the largest?
a. the future value of $250 with 3% interest for 2 years b. the future value of $250 at 2% interest for 3 years c. the present value of $250 to be paid in two years when the interest rate is 3% d. the present value of $250 to be paid in three years when the interest rate is 2%