A change in the quantity demanded of labor is represented by a shift in the labor demand curve

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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If the quantity supplied of money is less than the quantity demanded of money, people will ________ bonds which will cause bond prices to ________ and the nominal interest rate to ________ until the quantity demanded and quantity supplied of money are equal.

A. sell; rise; fall B. buy; fall; rise C. sell; fall; rise D. sell; fall; fall

Economics

When a nation exports a good, its ________ surplus decreases and its ________ surplus increases

A) consumer; total B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer

Economics

What two conditions must be present for a cartel to work?

What will be an ideal response?

Economics

Refer to Table 8-29. Based on the table above, what is national income for this economy?

A) $4,700 billion B) $4,000 billion C) $3,150 billion D) $2,450 billion

Economics