The supply curve reflects the marginal ______.
a. cost to sellers
b. cost to buyers
c. tax rate
d. subsidy rate
a. cost to sellers
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A beneficial oil-price shock increases labor demand. What happens to current employment and the real wage rate?
A) Both employment and the real wage rate would increase. B) Both employment and the real wage rate would decrease. C) Employment would increase and the real wage would decrease. D) Employment would decrease and the real wage would increase.
Which of the following can make the unemployment rate fall?
A. A decrease in the number of people who are looking for work. B. An increase in the number of people with jobs. C. A decrease in the number of people who are looking for work and an increase in the number of people with jobs. D. An increase in the number of people neither working nor looking for work.