The industry demand curve for labor is the
A) horizontal sum of individual firm labor demand curves.
B) vertical sum of individual firm demand curves.
C) representative firm's demand curve multiplied by the number of firms.
D) none of the above
A
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The Phillips curve relates the inflation rate to
a. the unemployment rate. b. GDP. c. disposable personal income. d. the interest rate.
In the 15th century, _____ rose to prominence in trade with areas to the east of Europe, while _____ dominated trade with the West
a. Venice; England b. Italy; Denmark c. Portugal; Spain d. France; Holland
A government may decide that by running large budget deficits it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term __________________ of a country.
a. effectiveness b. profitability c. employment d. productivity
An elastic demand is one in which the elasticity is greater than:
a. two. b. four. c. one. d. three.