In the Keynesian model in the short run, the amount of employment is determined by the effective labor demand curve and the level of
A) prices.
B) output.
C) the real interest rate.
D) the supply of labor.
B
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What result of the Uruguay Round was the most significant for global trade?
What will be an ideal response?
Real consumption tends to be
A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.
Table 11-2 QTRTC89590910293 10110100 11112105 12115110 ? In Table 11-2, MC of the last unit produced at the profit-maximizing output is
A. $5. B. $7. C. $8. D. $10.
Ceteris paribus, all of the following result when the minimum wage is raised and is above the equilibrium in a competitive market, except
A. Some workers lose their jobs. B. Workers with a marginal revenue product below the minimum wage are worse off. C. There are fewer workers available to work. D. There are fewer jobs available.