A wage profile rises because
A) employees become more productive over time.
B) employees become less productive over time.
C) managers are better able to monitor employees.
D) increases in the minimum wages push up other wages.
A
Economics
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If nominal GDP equals $10 trillion and the velocity of circulation is 5, then
A) real GDP is $2 trillion. B) the quantity of money is $50 trillion. C) the quantity of money is $2 trillion. D) the real value of the quantity of money is $10 trillion.
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The rule of MC = MR does not apply to a monopolist
a. True b. False Indicate whether the statement is true or false
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