If the demand for online banking increases, we would expect to see the
A) supply of workers that produce online-banking services to increase.
B) supply of workers that produce online-banking services to decrease.
C) demand for workers that produce online-banking services to decrease.
D) demand for workers that produce online-banking services to increase.
D
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Production functions only apply to advanced economies
Indicate whether the statement is true or false
According to the graph shown, if the market price decreases (all else staying the same):
A. producer surplus would increase.
B. producer surplus would decrease.
C. total surplus would increase.
D. quantity would increase.
Samuelson and Solow believed that the Phillips curve
a. implied that low unemployment was associated with low inflation. b. indicated that the aggregate supply and aggregate demand model was incorrect. c. offered policymakers a menu of possible economic outcomes from which to choose. d. All of the above are correct.
Calculate the multiplier when the MPS is .5, .25, .10. What is the relationship between MPS and the multiplier?
What will be an ideal response?