If the demand curve for economics textbooks shifts to the left, then the value of the marginal product of labor for economics textbook authors will

a. rise.
b. fall.
c. remain unchanged.
d. rise or fall; either is possible.

b

Economics

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Higher inflation and interest rates led to ___________

Fill in the blank(s) with the appropriate word(s).

Economics

The country of Elbia has a GDP of $2,000 . consumption of $1,300, and government purchases of $400 . Which of the following is equal to $300?

a. domestic investment b. domestic investment plus net capital outflow c. domestic investment minus net capital outflow d. None of the above is correct.

Economics