Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in wealth, she will use ________ for consumption each year

The unemployment rate generally falls during ________ in the business cycle

A) a peak B) a recession C) a trough D) an expansion

Why is the typical furniture manufacturing firm’s demand for labor curve inversely related to the wage rate it has to pay for labor?

What will be an ideal response?