Which of the following events would lead to an increase in the marginal product of labor for every quantity of labor?
A) An increase in the real wage
B) A decrease in the real wage
C) A favorable supply shock such as a fall in the price of oil
D) An adverse supply shock, such as a reduced supply of raw materials
C
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What is the difference between defensive and dynamic open market operations?
What will be an ideal response?
Which income maintenance program was started to support the nation's farmers?
A) Supplemental Security Income B) food stamps C) Earned Income Tax Credit program D) AFDC
In economics, the term "surplus" means an excess quantity supplied
a. True b. False Indicate whether the statement is true or false
The difference between GNP and NNP is accounted for by:
(a) Depreciation; (b) Net factor income from abroad; (c) Indirect Taxes/subsidies; (d) Transfer Payments.