If labor and capital are complements in production, then an increase in the amount of capital will
a. reduce the firm's demand for labor.
b. raise the firm's marginal cost of production.
c. cause the scale effect to outweigh the substitution effect.
d. increase labor's marginal product.
d. increase labor's marginal product.
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Assuming all else equal, what is likely to happen to the demand curve for reserves in an economy if it goes through a period of rapid expansion?
A) There will be a n upward movement along the demand curve for reserves. B) The demand curve for reserves will shift to the left. C) There will be a downward movement along the demand curve for reserves. D) The demand curve for reserves will shift to the right.
The market for new issues of stock is called the
a. primary market. b. secondary market. c. The New York Stock Exchange (NYSE). d. The Chicago Board of Trade.