In the classical model, a temporary increase in government purchases causes the new equilibrium to have
A) more employment and a lower real wage than before.
B) more employment and a higher real wage than before.
C) less employment and a lower real wage than before.
D) less employment and a higher real wage than before.
A
Economics
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The size of the underground economy would tend to increase if the government of a country
A) increased income tax rates. B) decreased government regulations on businesses. C) legalized prostitution. D) legalized marijuana.
Economics
Which of the following is the formula for the marginal product of labor?
A. F(L) - F(L - ?L) B. F(L)/L C. F(L)/?L D. [F(L) - F(L - ?L)]/?L
Economics