As the quantity of labor employed by a firm decreases, labor's ________ increases
A) marginal cost
B) value of marginal product
C) marginal revenue
D) average cost
B
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A financial intermediary that sells shares in itself to the public, and then uses the funds to buy a wide variety of financial assets is called a:
A. commercial bank. B. mutual fund. C. stock exchange. D. credit union.
A rise in the price level produces a ________ the aggregate supply curve
A) rightward shift of B) movement downward along C) leftward shift of D) movement upward along E) rightward shift of the aggregate supply curve and a movement downward along
Command-and-control means of regulation achieve their results more slowly but more reliably
Indicate whether the statement is true or false
If actual output exceeds potential output, eventually:
A. both input prices and output will rise. B. input prices will fall and output will rise. C. both input prices and output will fall. D. input prices will rise and output will fall.