The demand for labor curve shows the relationship between _________
A. the quantity of labor employed and firms' profits
B. all households' willingness to work and the real wage rate
C. the quantity of labor businesses are willing to hire and the real wage rate
D. the labor force and the real wage rate
C Answer C is the definition of the demand for labor curve.
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U.S. industries like steel, computers, and energy need to be protected from foreign competition to ensure which of the following?
(A) The protection of these industries as they develop. (B) The presence of these industries during a crisis. (C) The incentive for these industries to become more efficient. (D) The economic advantages caused by their production.
The two main determinants of money demand are
A) GDP and the money supply. B) aggregate supply and aggregate demand. C) interest rates and income. D) the inflation rate and the money supply.