A decrease in the marginal product of labor would be represented by
a. increase in labor demand.
b. decrease in labor demand.
c. increase in the quantity demanded of labor.
d. decrease in the quantity demanded of labor.
e. an increase in wages.
B
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Under a fixed exchange rate system, if an appreciation in the value of a country's currency develops, the monetary authorities must intervene by ________
A) selling foreign exchange B) buying and selling the domestic currency C) raising the foreign interest rate D) buying foreign exchange
The elements of investment spending are ________
A) calculated only in real terms B) equivalent to their corresponding international transactions C) consumption, government, exports and imports D) highly procyclical
Unlike recent events in England, the United States has no recent history of bank failures
a. True b. False Indicate whether the statement is true or false
Cheaters in cartels make ________ profit when the other cartel members ________ their promise.
Fill in the blank(s) with the appropriate word(s).