The MRP of labor will shift to the left if
A. wages decrease.
B. labor productivity decreases.
C. labor productivity increases.
D. wages increase.
Answer: B
You might also like to view...
Monetary policy has no effect on the equilibrium interest rate if
A) the inflation rate is zero. B) the economy is in the liquidity trap. C) velocity is constant. D) the economy is at full employment.
A notable and unique feature of the colonial monetary system was
a. the use of minted silver coins. b. the circulation of commodities as money. c. the use of a widely accepted paper currency. d. the development of checking accounts issued by private commercial banks.
Raising an existing tariff on grapes from Chile will: a. increase U.S. imports of Chilean grapes
b. decrease U.S. consumption of domestically produced grapes. c. decrease total U.S. consumption of grapes. d. do all of the above.
A tax on buyers decreases the quantity of the good sold in the market
a. True b. False Indicate whether the statement is true or false