The downward-stickiness of wages serves like a _____ in the labor market.
A. Price floor
B. Price ceiling
C. Demand determinant
D. Supply determinant
A. Price floor
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A lowering of the legal reserve requirement makes it possible to expand the money supply
Indicate whether the statement is true or false
What do economists mean when they discuss "scarcity"?
What will be an ideal response?
A consumer optimum is characterized by
A) the marginal rate of substitution of one good divided by its price equal to the marginal rate of substitution of the other good divided by its price. B) the marginal rate of substitution equal to unity. C) the marginal rate of substitution equal to the ratio of the prices of the two goods. D) the marginal rate of substitution divided by the price ratio of the two goods equal to the income of the consumer.
Describe the major spending categories and percentage for health care spending
What will be an ideal response?