The quantity of real GDP supplied increases when the price level increases because
A) the quantity of money increases.
B) the real wage rate rises.
C) aggregate demand increases.
D) investment increases.
E) the real wage rate falls.
E
Economics
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The XYZ Co is hiring salespersons. They will be paid a very attractive hourly rate that is independent of how much they sell. Describe an adverse selection that would take place. Describe a moral hazard that would take place
What will be an ideal response?
Economics
According to the law of demand, the
A. quantity demanded of a good does not vary with price. B. quantity demanded of a good varies directly with price. C. quantity demanded of a good is negatively related to its price. D. quantity demanded depends on the quantity supplied.
Economics