The real wage rate will fall if the
A) labor supply curve shifts rightward and the labor demand curve does not shift.
B) labor supply curve shifts leftward and the labor demand curve does not shift.
C) labor demand curve shifts rightward and the labor supply curve does not shift.
D) labor demand curve shifts rightward more than the labor supply curve shifts rightward.
A
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Which of the following statements is TRUE?
A) All monopolists are perfect price discriminators. B) All monopolists earn short-run economic profits. C) A monopolist will leave the market if it incurs an economic loss in the long run. D) A monopolist does not need barriers to entry to sustain a long-run economic profit.
We should expect the consumption function to shift downward if
A. real interest rates rise. B. price levels fall. C. consumers become more optimistic about future incomes. D. consumers become more pessimistic about future incomes.
The money multiplier equals:
a. 1 / excess reserves. b. excess reserves / loans. c. required reserve ratio / excess reserves. d. 1 / actual reserves. e. 1 / required reserve ratio.
If the price of bananas goes down, then the demand for pears will
A. remain constant, assuming bananas and pears are related goods. B. decrease, assuming bananas and pears are substitutes. C. decrease, assuming bananas and pears are complements. D. increase, assuming bananas and pears are substitutes.