Ajax Corporation has just decided to let managers work from home one day a week. This decision will make working conditions better and will
A. lead to an increase in the supply curve of labor for managers.
B. increase the elasticity of demand for labor for managers.
C. leave the supply curve of labor unchanged.
D. cause the demand curve for labor for managers to increase.
Answer: A
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Refer to Figure 3.2. The Nash equilibrium is where
A) Wilma plays North and Betty plays West. B) Wilma plays North and Betty plays East. C) Wilma plays South and Betty plays East. D) There is no Nash equilibrium in this game.
There is ________ to how much increases in labor inputs can increase real GDP per capita, and there is ________ to how much increases in labor productivity can increase real GDP per capita
A) a limit; a limit B) a limit; no limit C) no limit; a limit D) no limit; no limit
Savings deposits are ________ the M1 measure of money and ________ the M2 measure of money.
A. included in; included in B. excluded from; included in C. included in; excluded from D. excluded from; excluded from
Based on wage setting behavior, we know that a reduction in the unemployment rate will cause
A) no change in the real wage. B) a reduction in the real wage. C) an increase in the real wage. D) an upward shift of the WS curve.