When might an employer be willing to increase wages?
a. when the quantity of labor supplied exceeds demand
b. when workers are willing to undercut the established wage
c. when the prevailing wage exceeds the equilibrium level
d. when the prevailing wage is below the equilibrium level
d. when the prevailing wage is below the equilibrium level
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When ________ changes, the supply of loanable funds curve shifts
A) the price level B) "animal spirits" C) people's expected future income D) the expected rate of profit E) investment
Does the money demand curve have a positive slope or a negative slope? Why does it have this slope? Explain why an increase in the variable on the vertical axis of the money demand curve causes either an increase or a decrease in the variable on
the horizontal axis of the money demand curve.
Wearing a suit to a job interview is an example of a:
A. positive signal. B. negative signal. C. positive screen. D. negative screen.
A patent gives a firm a monopoly in the production of the patented good. While monopoly profits provide an incentive for firms to innovate, the monopoly power imposes a cost on consumers. Why do consumers bear a cost from that monopoly? Is the cost to consumers greater than the profits earned by the monopolist?