In a competitive labor market, if the demand for labor increases, labor demand will shift to the:
A. right and wages will increase.
B. left and wages will increase.
C. right and wages will decrease.
D. left and wages will decrease.
A. right and wages will increase.
Economics
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The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
Economics
The Phillips curve is built on the assumption that business fluctuations are
A. from the demand side. B. from the supply side. C. from both the demand and supply side. D. purely random events.
Economics