Any event that decreases the value of the marginal product of labor will:
A. decrease labor demand.
B. decrease labor supply.
C. increase labor demand.
D. increase labor supply.
A. decrease labor demand.
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Which of the following was not a lesson from the 2007-2009 financial crisis?
a. Regulatory failures were the result of weaknesses across the regulatory structure. b. The financial system operated with too much leverage. c. The business cycle no longer applies to economic analysis. d. Monetary policy alone may not be sufficient to stabilize aggregate demand.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
If demand is inelastic and the price of a product decreases by 100 percent, then
A. the change in quantity demanded is equal to 100 percent. B. the change in quantity demanded is greater than 100 percent. C. the decrease in quantity demanded is greater than 0 percent. D. the change in quantity demanded is less than 100 percent.
The use of the supply-and-demand model to analyze labor markets implicitly assumes that there is ________ governing the labor market.
A. monopoly B. bi-lateral monopoly C. monopsony D. perfect competition