The amount of labor a firm employs depends on
A) the market wage.
B) the market price for the good produced.
C) Both A and B.
D) None of the above.
C
Economics
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If the quantity of wood purchased decreases when the price of wood rises, a graph representing these variables would have
A) time on the vertical axis. B) the slope on the vertical axis. C) a negative slope. D) a positive slope.
Economics
In the long-run ISLM model and with everything else held constant, the long-run effect of a tax cut is to ________ real output and ________ the interest rate
A) increase; increase B) increase; not change C) not change; increase D) not change; decrease
Economics