Holding labor supply constant, a leftward shift in the labor demand curve results in a higher wage rate
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following institutions is not subject to Federal Reserve's reserve requirements?
A) A state-chartered commercial bank B) A savings and loan association C) A money market mutual fund D) A credit union
The monopoly's marginal revenue curve
a. is equivalent to its demand curve b. lies below its demand curve c. is perfectly elastic d. is perfectly inelastic e. has a positive slope
Rational choice requires that opportunity cost be
A. ignored in making a decision. B. considered for individual choices but not for societal choices. C. computed but not actually used in making a decision. D. considered as part of making a decision. E. used as the sole decision criterion.
What is a financial market? What are some of the types of financial markets?