They very ________ growth of office and retail space in the 1980s was due in part to financial deregulation that ________
A) slow, limited the growth of bank and S&L deposits
B) slow, gave massive tax advantages to mortgage lending
C) rapid, allowed S&Ls to make business real estate loans
D) rapid, raised the depreciation tax deduction on these structures
C
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Research suggests that taller workers tend to earn more income than shorter workers. What does this suggest about the relationship between workers' height and their productivity?
A firm's demand for labor will increase if the:
A. price of the firm's output decreases. B. marginal product of labor decreases. C. wage rate rises. D. price of the firm's output increases.
In which instances will total revenues decline?
A. Price rises and Ed equals 2.47. B. Price rises and Ed equals 0.41. C. Price rises and demand is of unit elasticity. D. Price falls and demand is elastic.
In the labor market shown below , if the demand for labor increases so that the equilibrium wage rate goes above the minimum wage Wm, then the minimum-wage law will:
A. Cause higher unemployment
B. Cause lower unemployment
C. Labor supply to decrease
D. Become ineffective in the market