The classical model is one of the best that economists have for capturing the rapidly changing nature of the supply and demand for labor and ultimately for explaining recessions
a. True
b. False
B
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In the above figure, a decrease in the real interest rate will result in a movement from point E to
A) point F. B) point G. C) point H. D) point I.
The right to earn interest is the incentive that motivates people to supply loanable funds to the loanable funds market
Indicate whether the statement is true or false
The market supply of labor depends on the
a. number of employers b. marginal revenue product of labor c. price of the product being produced d. number of available workers
Which of the following conditions are necessary for the Coase theorem to apply?
A. Only a few people can be involved. B. The basic rights of the individuals must be clearly understood. C. There must be no impediments to bargaining. D. all of the above