The ability of unions to successfully raise wage rates is dependent on the
a. higher elasticity of supply for labor
b. lower elasticity of supply for marginal product
c. higher elasticity of demand for the goods produced
d. lower elasticity of demand for the goods produced
e. higher elasticity of demand for labor
D
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Other things the same, when the government spends more, the initial effect is that
a. aggregate demand shifts right. b. aggregate demand shifts left. c. aggregate supply shifts right. d. aggregate supply shifts left.
Holding other things constant, an increase in the use of capital in production would
A) increase the marginal productivity of labor. B) decrease, but not proportionately, the marginal productivity of labor. C) not change the marginal productivity of labor. D) decrease proportionately the marginal productivity of labor.