The demand for labor depends on I. technology. II. the prices of other factors of production. III. the price of the product
A) I and II
B) II and III
C) I and III
D) I, II and III
D
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Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to remain the same and M2 money supply to remain the same. c. Demand for real goods and services to rise and M2 money multiplier to rise. d. Demand for real goods and services to remain the same and M2 money supply to rise.
Which of the following is a feature of data collection on wealth concentrations in the United States?
A. Under sampling of the high-income households B. Oversampling of the low-income households C. Oversampling of the high-income households D. Under sampling of the low-income households
The price mechanism is:
A. affected by both political and social forces. B. affected by political but not social forces. C. affected by social but not political forces. D. not affected by social and political forces.
Assume an economy is in equilibrium at an output level of $1,600 billion. If government purchases increase by $200 billion, then at the output level of $1,600 billion, there is
A. an unplanned decrease in inventories. B. an unplanned increase in inventories. C. an unplanned inventory change of zero. D. either an unplanned increase or decrease in inventories depending on the value of the MPC.