Everything else unchanged, following an adverse shift in the labor demand curve, ________
A) the increase in employment will be greater if there is downward wage rigidity
B) the fall in employment will be greater if there is no wage rigidity
C) the increase in employment will be greater if there is no wage rigidity
D) the fall in employment will be greater if there is downward wage rigidity
D
You might also like to view...
In the figure above, the cost of producing 10,000 pizzas a day is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
In Figure 6-5, if price falls from point A to point B along the unit-elastic demand curve,
A. total expenditure remains unchanged. B. total expenditure increases. C. total expenditure decreases. D. total expenditure first increases and then declines.
In a small economy, consumption spending is $6,000, government spending is $1,200, gross investment is $1,500, exports are $2,000, and imports are $1,000. What is gross domestic product?
A) $9,700 B) $9,800 C) $10,800 D) $11,700
Which of the following was NOT a result of the passage of the Gramm-Leach-Bliley Act?
A) It repealed the Glass-Steagall Act. B) It allowed commercial banks to participate in securities, insurance, and real estate activities. C) It authorized new financial holding companies which permitted securities and investment firms to own commercial banks. D) It increased the capital requirements for commercial banks.