Refer to Scenario 14.3. What is the marginal profit from hiring the third unit of labor?
A) 30
B) 65
C) 85
D) 225
E) none of the above
B
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Use the following diagram of the market for money to answer the next question.
The equilibrium interest rate is
A. I1. B. I2. C. I3. D. not determinable without additional information.
The data in the above table show that when the price level is 120, if aggregate demand does not change then the
A) money wage rate will rise in the future. B) money wage rate will fall in the future. C) short-run aggregate supply curve will shift leftward. D) long-run aggregate supply curve will shift leftward.
Keynesian economists link the start of the Great Depression to the drop in construction spending and the downturn in consumption following the stock market crashes of 1929
Indicate whether the statement is true or false
The Greenbackers may be characterized fairly as inflationists
Indicate whether the statement is true or false