An increase in the supply of labor generates
A. lower wages.
B. an offsetting increase in the demand for labor.
C. a decrease in the quantity demanded of labor.
D. increased unemployment.
Answer: A
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A) plays a pure strategy of "shoot 1." B) plays a pure strategy of "shoot 2." C) plays his ideal strategy. D) All of the above are correct.
A Chow test _____.
A. is used to test the presence of heteroskedasticty in a regression model B. is used to determine how multiple regression differs across two groups C. cannot detect changes in the slope coefficients of dependent variables over time D. cannot be computed for more than two time periods
The reason that people may not want to hold money is
A. the precautionary demand for money and the risk of being robbed. B. the transactions demand makes it unnecessary. C. the opportunity cost. D. due to the direct relationship between money demand and the interest rate.
Define marginal cost. Is it different from the concept of willingness to accept?
What will be an ideal response?