The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A) firm's demand curve for labor.
B) firm's supply curve for labor.
C) labor's supply curve of labor.
D) labor's demand curve for jobs.
B
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In the above table, when x increases from 4 units to 6 units, y changes by ________ units
A) 2 B) -2 C) 6 D) -6
Developing countries with large informal sectors tend to have firms that invest less in capital equipment
Indicate whether the statement is true or false
As part of the "wealth channel of monetary policy," a higher money supply __________ bond prices and thus __________ spending
A) raises; raises consumption B) raises; raises investment C) lowers; lowers consumption D) lowers; lowers investment
When people are holding money in excess of their demand for real money balances ________
A) the nominal interest rate will fall B) they increase their purchases of goods and services C) the central bank buys bonds to correct the imbalance D) all of the above E) none of the above