An "increase in the quantity demanded" means that
A) the demand curve has shifted to the right.
B) the supply curve has shifted to the left.
C) price has declined and consumers therefore want to purchase more of the good.
D) given supply, the price of the good can be expected to rise.
C
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Rick lost his job as a logistics and distribution coordinator nearly three years ago. After a long and failed search, Rick finally gives up and stops looking for a new job
Rick's decision to suspend his job search causes the unemployment rate to ________ and the labor force participation rate to ________. A) increase; stay the same B) increase; increase C) increase; decrease D) stay the same; decrease E) decrease; decrease
The quantity of labor demanded is the labor hours all
A) firms plan to hire at a given real wage rate. B) firms plan to hire at a given nominal wage rate. C) employees plan to work at a given real wage rate. D) employees plan to work at a given nominal wage rate. E) Both answers A and C are correct.
An oral auction
a. is also called a Vickrey auction b. is where bidders submit increasing bids until all but one remains c. is where the highest bidder wins and pays the amount of the next highest bid d. all of the above
Which of the following is true?
What will be an ideal response?