For low wages, the leisure demand curve slopes ______; for higher wages it slopes ______.
A. upward; downward
B. downward; upward
C. downward; downward
D. upward; upward
B. downward; upward
You might also like to view...
Why do people refuse to pay for public goods?
What will be an ideal response?
The U.S. dollar will depreciate in value if
A) the demand curve for U.S. dollars shifts rightward. B) the demand curve for U.S. dollars shifts leftward. C) the supply curve of U.S. dollars shifts rightward. D) Both answers B and C are correct.
The aspect of the Second Banking Crisis of the 1930s that distinguished it from the First Banking Crisis was that during the second crisis ___
a. the Federal Reserve finally decided to act as lender of last resort b. the stock market boom finally came to an end with the crash c. banks in all regions of the country failed d. President Roosevelt asked Congress to establish Federal deposit insurance
Equilibrium GDP could be upset by a change in
A. Any leakage or injection. B. Leakages only. C. Injections only. D. Investment only.