If labor demand increases, the market wage rate will
a. increase
b. decrease
c. remain stable
d. decrease initially and then rise by a larger amount
e. decrease initially and then rise by a small amount
A
Economics
You might also like to view...
If the nominal interest rate is 10 percent, the inflation rate is 6 percent, and the tax rate on interest income is 25 percent, what is the after-tax real interest rate?
A) 1.5 percent B) 4.0 percent C) 3.0 percent D) 6.0 percent E) 3.5 percent
Economics
Explain the difference between a positive production externality and a positive consumption externality
What will be an ideal response?
Economics