Under conditions of perfect competition, if any one producer increases output,
a. market price rises.
b. market price falls.
c. market price does not change.
d. market price changes unpredictably up or down.
c. market price does not change.
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The Fisher equation implies ________
A) the nominal interest rate equals the real rate of inflation plus expected inflation B) the real interest rate equals expected inflation C) expected inflation equals current inflation D) the rate of inflation equals the real minus the nominal rates of interest E) none of the above
In 2017, which group had the highest average salaries?
a. black women b. black men c. white women d. white men
If a firm has market power in the output market but buys labor in a competitive market, it will hire the same quantity of labor that a competitive firm will
Indicate whether the statement is true or false
A firm will continue hiring labor as long as the MRP of labor ________ the market wage rate.
A. is equal to B. determines C. is less than D. is greater than or equal to