A decrease in the wage rate
A) shifts the firm's demand for labor curve rightward.
B) shifts the firm's demand for labor curve leftward.
C) leads to a movement along the demand for labor curve but does not shift the curve.
D) None of the above answers is correct.
C
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Refer to Table 8-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
Along an LM curve at higher income levels the transactions demand for money is __________, so the interest rate must be __________ to equate the demand to the fixed supply of money
A) higher; higher B) higher; lower C) lower; higher D) lower; lower
The sacrifice ratio measures ______.
a. the amount of output lost when inflation is increased by one percent b. the amount of output lost when inflation is decreased by one percent c. the number of jobs lost when output is decreased by one percent d. the number of jobs lost when output is increased by one percent
Exhibit 7-4 Marginal cost and revenue for a firm UnitQuantity Marginal Cost Marginal Revenue 12 $ 5 $9 13 6 9 14 7 9 15 8 9 16 9 9 17 10 9 In Exhibit 7-4, what is this firm's profit-maximizing rate of output?
A. 13. B. 14. C. 15. D. 16.