In the above figure, if the wage rate fell below Wb, in the short run the firm would
A) hire more workers.
B) fire several workers.
C) reduce its level of output.
D) keep all its input levels the same as they were before.
A
Economics
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The figure above shows an education market in which the government is providing households with vouchers. In total, how much do the schools receive for a student?
A) $4,000 B) $8,000 C) $12,000 D) $16,000 E) $20,000
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In Zealand, banks' desired reserve ratio is 20 percent and there is no currency drain. The money multiplier equals ________
A) 0.50 B) 0.20 C) 20.0 D) 5.0
Economics