Which of the following happens when an economy's labor demand curve shifts to the left without any change in its labor supply curve assuming all else equal?
A) The equilibrium wage rate rises. B) The output of the economy rises.
C) The aggregate price level falls. D) The unemployment rate rises.
D
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The typical tax-haven subsidiary owns the common stock of its related operating foreign subsidiaries.
a. true b. false
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8. The slope of isocost AB is
A. -1. B. 0. C. 1. D. indeterminate from this information, as the prices of capital and labor are not given.
The vertical axis of the aggregate demand and aggregate supply graph has the
a) output of goods. b) output of services. c) real GDP. d) the price level.
Which of the following is not true when the firm experiences diminishing marginal product?
A. The total product is decreasing. B. The marginal product of the previous worker is higher than the current worker. C. The firm is operating in the short run. D. The firm's total cost is increasing.