The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following events will cause a downward movement along the value of marginal product of labor curve?
a. An increase in wage rate b. An increase in price of the product c. A decrease in wage rate d. A decrease in price of the product
Total revenue cannot be derived from the demand curve or a demand schedule
a. True b. False Indicate whether the statement is true or false
When unions raise wages in one part of the economy, the supply of labor increases in other parts of the economy, which reduces wages in industries that are not unionized
a. True b. False Indicate whether the statement is true or false
When a transaction takes place repeatedly, then one way to signal to avoid information asymmetry is:
A. screening. B. statistical discrimination. C. building a reputation. D. Any of these could be true.