Which of the following is not held constant along a demand curve for labor by a firm?
A. The firm’s technology of production
B. The price of the firm’s output
C. The marginal product of labor for the firm
D. The price of substitutes for the firm’s output
Answer: C
Economics
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A measure of a country's production is its
A) general domestic production. B) gross domestic product. C) gross daily production. D) general daily product. E) gross total output.
Economics
Figure 14-6
In the situation shown in , how could the Fed return the economy to potential output?
a.
decrease government spending
b.
increase taxes
c.
decrease taxes
d.
shift to a more restrictive monetary policy
e.
shift to a more expansionary monetary policy
Economics