The curve that shows the demand for labor for a purely competitive firm is
A) VMP.
B) MP.
C) MC.
D) W/MP.
A
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To see how variables evolve over time we use
A) a scatter graph. B) an evolution plot. C) a cross-section plot. D) a time-series graph.
Which of the following will NOT shift the aggregate demand curve?
A. a change in government expenditures B. depreciation in the value of the national currency C. a change in the domestic marginal tax rates D. a change in the domestic price level
In the mid- to late 1980s, the United States had "twin deficits" because both ________ and ________ were negative
A) government saving; private saving B) saving; investment C) the current account; investment D) government saving; the current account
Elvis values the first gravy sandwich at $5, the second at $4.50, the third at $4 . If he buys three for $4 each, his consumer surplus is
a. $5 b. $4 c. $1.50 d. $9.50 e. $12