An increase in the supply of labor will, everything else equal,
a. increase the real wage rate and increase employment
b. increase the real wage rate and decrease employment
c. reduce the real wage rate and increase employment
d. reduce the real wage rate and decrease employment
e. increase the demand for labor and increase employment
C
Economics
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The ________ measures the sum of the current account balance plus the nonofficial financial account balance.
A. official fiscal balance B. nonofficial capital balance C. current financial balance D. official settlements balance
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The average total cost curve of a natural monopoly is always
A. upward sloping. B. horizontal. C. downward sloping at all points. D. downward sloping where it crosses the market demand curve for the good.
Economics