A decrease in labor productivity and the real wage could be caused by
A) a decrease in demand for labor or an increase in the supply of labor.
B) a decrease in the demand for labor or a decrease in the supply of labor.
C) an increase in the demand for or supply of labor.
D) an increase in the demand for labor or a decrease in the supply of labor.
A
Economics
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To maximize profit, the monopolist produces on the ________ portion of its demand where ________
A) elastic; P = MC B) elastic; MR = MC C) inelastic; P = MC D) inelastic; MR = MC
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According to the short-run Phillips curve, which of the following would result in high rates of unemployment?
A) strong increases in aggregate demand B) strong increases in aggregate supply C) a higher inflation rate D) a lower inflation rate
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