The figure above shows a labor market. If there is a monopsony in this labor market, employment is
A) 0 hours per week.
B) 50 hours per week.
C) 100 hours per week.
D) 150 hours per week.
B
Economics
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A decrease in the price of a good will, all other things unchanged, result in:
A) an increase in demand. B) an increase in supply. C) an increase in the quantity demanded. D) more being supplied.
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If unemployment has been consistently higher than normal (full employment level), real GDP is
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