Which of the following is a correct statement about the labor market?
a. Workers determine the supply of labor, and firms determine the demand for labor.
b. Workers determine the demand for labor, and firms determine the supply of labor.
c. Workers determine the supply of labor, and government determines the demand for labor.
d. The forces of supply and demand, while present in the labor market, have nothing to balance in that market.
A
You might also like to view...
Assuming one can derive a correct input-output table, are there still any reasons to prefer the market to central planning?
What will be an ideal response?
Which of the following is incorrect? During the Great Recession U.S:
a. Real GDP fell. b. Unemployment rose. c. Monetary base rose. d. Inflation fell. e. All of the above are correct.
In the context of aggregate demand and aggregate supply, the wealth effect refers to the idea that, when the price level decreases, the real wealth of households
a. increases and as a result consumption spending increases. This effect contributes to the downward slope of the aggregate-demand curve. b. decreases and as a result consumption spending increases. This effect contributes to the upward slope of the aggregate-supply curve. c. increases and as a result households increase their money holdings; in turn, interest rates increase and investment spending decreases. This effect contributes to the downward slope of the aggregate-demand curve. d. decreases and as a result households increase their money holdings; in turn, interest rates increase and investment spending decreases. This effect contributes to the upward slope of the aggregate-supply curve.
To print the General Ledger:
a. Select Chart of Accounts icon > Print Report b. From the Company section of the Home page > select Trial Balance icon c. Select Report Center > Accountant & Taxes, General Ledger d. Select Company Center > Print General Ledger