The change in the quantity of labor demanded resulting from a change in the relative cost of labor is known as the ________ effect.
A. input-substitution
B. price elasticity
C. output
D. derived demand
Answer: A
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When the real interest rate rises, there is
A) neither a shift of the consumption function nor a movement along the consumption function. B) a downward shift of the consumption function. C) a downward movement along the consumption function. D) an upward shift of the consumption function. E) an upward movement along the consumption function.
There is a man yelling for help on a crowded subway platform. What are two reasons that the man may not get the help he needs?
What will be an ideal response?
All Fed purchases and sales of
a. corporate stocks and bonds are conducted at the New York Fed's trading desk. b. government bonds are conducted at the New York Fed's trading desk. c. real estate and other real assets are conducted by the Federal Open Market Committee. d. All of the above are correct.
A point on a nation's production possibilities curve represents
A. The full employment of resources to achieve a particular combination of goods and services. B. Combinations of production that are unattainable, given current technology and resources. C. An undesirable combination of goods and services. D. Levels of production that will cause both unemployment and inflation.