If the price level increases and workers' money wage rates remain constant,which of the following will occur?
I. The quantity of labor supplied will decrease.
II. The real wage rate will decrease.
III. The labor supply curve will shift rightward.
A) I only
B) I and II
C) II and III
D) I, II and III
B
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Because the United States is a developed economy, every other country is catching up to the level of U.S. real GDP per person
Indicate whether the statement is true or false
A publisher is deciding whether or not to invest in a new printer. The printer would cost $500, and it would increase cash flows by $600 for the next two years. What is the present value of the cash flows from the investment?
a. $1100 b. $541 c. $600 d. $1041
To adjust from Net National Product to Gross National Product:
a) Add depreciation b) Deduct indirect taxes c) Add subsidies d) Add inflation
International trade and global competition has forced American businesses to:
A. Raise production costs B. Improve productivity C. Become less efficient D. Redistribute income to workers