If new capital increases labor productivity, the supply of labor ________ and the demand for labor ________
A) stays the same; increases
B) increases; increases
C) increases; decreases
D) decreases; stays the same
A
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Using the information in Table 6.2, the Astro Consumer Price Index for 2014 is
A) 24. B) 100. C) 124. D) 189.
Suppose that when the price of aspirin rises from $2 to $3 per bottle, the quantity demanded falls from 800 bottles per day to 700 bottles per day. Over this range, the demand for aspirin is
a. elastic b. unitary elastic c. perfectly elastic d. inelastic e. perfectly inelastic
If the economy has automatic stabilizers built in, the multiplier will
A. be smaller than it would have been in the absence of automatic stabilizers. B. be zero. C. be larger than it would have been in the absence of automatic stabilizers. D. be infinitely larger than it would have been in the absence of automatic stabilizers.
The Basel Accord, an international agreement, requires banks to hold capital based on
A) risk-weighted assets. B) the total value of assets. C) liabilities. D) deposits.