Greater labor force participation for households at higher real wage rate is one reason that
A) the demand for labor curve is upward sloping.
B) the demand for labor curve is downward sloping.
C) the supply of labor curve is upward sloping.
D) the supply of labor curve is downward sloping.
C
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If firms and workers have rational expectations, including knowledge of the policy being used by the Federal Reserve
A) expansionary monetary policy is ineffective. B) expansionary monetary policy is effective in the short run, but not the long run. C) expansionary monetary policy is effective in the short run and the long run. D) expansionary monetary policy is especially effective.
The model of purchasing power parity is the only way to determine whether a country's currency is undervalued or overvalued
Indicate whether the statement is true or false
What is true about dominant strategies in the game in Scenario 13.10?
A) "Use more caffeine" and "have a sweepstakes" are dominant strategies. B) "Use more caffeine" and "create a diet soda" are dominant strategies. C) "Make animal-shaped bottles" and "have a sweepstakes" are dominant strategies. D) "Make animal-shaped bottles" and "create a diet soda" are dominant strategies. E) There are no dominant strategies.
Referring to Figure 1.5, the opportunity cost of producing the first unit of pizza is 
A. six units of soda. B. three units of soda. C. one unit of soda.