Several firms in an industry laid off their workers. Assuming all else equal, this will lead to a ________
A) higher rate of output in the industry
B) higher rate of capacity utilization in the industry
C) lower rate of capacity utilization in the industry
D) higher real wage in the industry
C
Economics
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What are two ways to reduce pollution that require firms to pay to pollute?
a) corrective taxes and pollution permits b) corrective taxes and command-and-control policy c) pollution permits and command-and-control policy d) pollution regulations and pollution permits
Economics
In the Classical system, the total output of goods and services and total employment are determined by all of the following except
A) the interest rate. B) the labor force. C) the supply of capital. D) existing technology.
Economics