In the long run, an increase in the stock of human capital
a. and increases in the money supply both make the price level rise.
b. and increases in the money supply both make the price level fall.
c. makes the price level rise, while increases in the money supply make prices fall.
d. makes the price level fall, while increases in the money supply make prices rise.
d
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How do a partnership and a corporation differ?
A) Partnerships have unlimited liability while corporations have limited liability. B) Corporations can issue stocks and bonds, while partnerships cannot. C) Corporations face more taxes than do partnerships. D) All of these are differences between the two types of businesses.
The competitive firm's profit-maximizing quantity of labor is the quantity where the:
A. value of the marginal product of labor is equal to the profit. B. quantity of the marginal product of labor is equal to the market wage. C. quantity of the marginal product of labor is equal to zero. D. value of the marginal product of labor is equal to the market wage.