Other things remaining the same, which of the following is likely to cause a left shift in the supply curve for labor?
A) A decrease in population
B) An increase in population
C) A decrease in the demand for the final product that the labor is used to produce
D) An increase in the demand for the final product that the labor is used to produce
A
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Which of the following is part of the market structure for monopolistic competition?
A) barriers to entry B) a large number of firms compete C) each firm produces a differentiated product D) Both answers B and C are correct.
___________ is the study of how people behave in strategic situations.
A. Game theory B. Administered prices C. Price leadership D. Kinked demanded
When there is an interval between when the fiscal policy changes and corresponding changes in aggregate spending, we have a(n)
A. aggregate time lag. B. action time lag. C. recognition time lag. D. effect time lag.
Policies designed to promote import substitution often encouraged capital-intensive production methods.
Answer the following statement true (T) or false (F)