The long-run labor demand curve is relatively flatter than the short-run labor demand curve because, in the short run,
A) the wage rate is fixed.
B) the firm cannot vary the amount of capital used.
C) the firm is a price taker.
D) All of the above.
B
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The labor force participation rate is equal to
A) (labor force ÷ population) × 100. B) (labor force ÷ working-age population) × 100. C) (number of employed workers ÷ labor force) × 100. D) (number of employed workers ÷ working-age population) × 100. E) (number of employed workers ÷ population) × 100.
Inflation targeting has typically been accompanied by lower inflation
Indicate whether the statement is true or false
"Economists assume people are selfish." Do you agree with this statement or not? Explain
What will be an ideal response?
A change in supply cannot be caused by a change in
a. resource prices b. technology c. prices of other goods d. the price of the good itself e. the number of suppliers