An increase in the real wage would result in a
A) movement along the labor demand curve, causing an increase in the number of workers hired by the firm.
B) shift of the labor demand curve, causing an increase in the number of workers hired by the firm.
C) movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.
D) shift of the labor demand curve, causing a decrease in the number of workers hired by the firm.
C
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In the above figure, the economy is initially at point B. If the Fed increases the quantity of money, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
Reaction lag is the term used to express the fact that some time passes before changes in the money supply are properly translated into changes in real GDP
a. True b. False Indicate whether the statement is true or false
Statistical studies suggest that the cost of direct controls for any target level of pollution is
a. much higher than the cost of taxes on emissions. b. about the same as the cost of taxes on emissions. c. lower than the cost of taxes on emissions. d. impossible to compare to the cost of taxes on emissions.
This table represents the revenues faced by a monopolist.PriceQuantity SoldTotal RevenueAverage RevenueMarginal Revenue$1,0001$1,000 $9002$1,800 $8003$2,400 $7004$2,800 $6005$3,000 $5006$3,000 $4007$2,800 Using the information in the table shown, the average revenue for 5 units is:
A. $300 B. $600 C. $120 D. $3,000