The MRP of labor will shift to the right if
A) labor productivity increases.
B) labor productivity decreases.
C) wages increase.
D) wages decrease.
A
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
The market supply curve is a statement of actual sales by suppliers.
Answer the following statement true (T) or false (F)
The rich pay a _____ proportion of their income and a _____ dollar amount of federal income tax than the middle class.
A. higher; higher B. lower; lower C. higher; lower
Strategy refers to the general policies that managers adopt to increase
A. the generation of profits. B. costs. C. the number of client meetings. D. the rate of technological change.