The cost of child care in a city declines during two subsequent quarters in a year. Which of the following changes is likely to be observed in the labor market on account of this trend?
a. The quantity supplied of labor will decrease
b. The quantity of labor demanded will decrease.
c. The labor supply curve will shift to the right.
d. The demand for labor curve will shift to the left.
c
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Refer to Figure 13.2. Oliver's political views place him at the L4 position and George's political views place him at the C4 position. Based on the two candidates' political views, Sam Butcher decides to enter the race as a third-party candidate
Oliver refuses to change his political views and so remains at the L4 position. Sam espouses political views that place him at the C2 position. Not wanting to lose any conservative votes to Sam, George decides to alter his political views so he, too, ends up at the C2 position. In this situation, who is indifferent about all three of the candidates? A) Alice B) Jan C) Cindy D) Peter
What are the major factors that determine investment, and what impact does each have on aggregate demand?
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
comparing M1 and M2 we know that
What will be an ideal response?