The short-run labor demand curve is:
A. more elastic than the long-run labor demand curve.
B. less elastic than the long-run labor demand curve.
C. either more or less elastic than the long-run labor demand curve.
D. perfectly elastic (horizontal).
Answer: B
You might also like to view...
The absolute value of the price elasticity of demand at the midpoint of a linear demand curve is always
a. greater than one b. less than one c. one d. zero e. infinity
The central bank of the United States is known as the
a. Internal Revenue Service. b. Federal Reserve System. c. Federal Deposit Insurance Corporation. d. Department of Commerce.
Refer to the figure below. In this game, how many dominant strategies does Player A have?
A. 1 B. 4 C. 0 D. 2
Which of the following stock market increases is best explained by the notion of a bubble?
A. The late-1982 rally in which the DJIA doubled in 4 months B. The U.S. stock market's growth in 2009 C. The U.S. stock market in technology stocks the late-1990s D. The decade of the 1980s