Which of the following is NOT true about the supply of labor to the firm in a competitive labor market?
A) It is horizontal.
B) It is perfectly elastic.
C) It is equal to the marginal expenditure curve.
D) It is upward sloping.
D
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The fact that the aggregate demand curve slopes downward means that aggregate expenditures increase when the price level decreases
a. True b. False Indicate whether the statement is true or false
Sketch graph a standard short-run production functions, and identify on it the points where the average product peaks, the marginal product peaks, the marginal product reaches zero, and the average and marginal product intersect.
What will be an ideal response?
The major impact unemployment insurance has on the U.S. economy is that it
A. incentivizes people to work. B. spreads the cost of unemployment. C. eliminates the social cost of job loss. D. prevents the emotional impact of job loss.
In economic analysis, which of the following is considered an injection?
a. saving b. taxes c. imports d. exports