A new technology that increases labor productivity will shift the
a. demand curve for labor to the left
b. MLC curve to the left
c. MPP curve downward
d. demand curve for labor to the right
e. demand for the good to the right
D
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The expenditure approach to calculating GDP for an open economy entails adding consumption, investment, and government purchases
Indicate whether the statement is true or false
For a firm to maximize total profits through price discrimination, it should
a. charge a low price to high-value consumers and a high price to low-value consumers b. charge a high price to high-value consumers and a high price to low-value consumers c. charge a low price to high-value consumers and a low price to low-value consumers d. charge a high price to high-value consumers and a low price to low-value consumers
Marginal analysis examines the effects of additions to or subtractions from a current situation
a. True b. False Indicate whether the statement is true or false
Distinguish between real rate of interest and nominal rate of interest.
What will be an ideal response?