Which of the following is likely to lead to a left shift in the demand curve for labor in the petroleum extraction industry?
A) An increase in the wage rate
B) A decrease in the wage rate
C) An increase in the price of cars
D) An increase in the price of petroleum
C
Economics
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The ________ states that the nominal interest rate equals the real interest rate plus the expected rate of inflation
A) Fisher equation B) Keynesian equation C) Monetarist equation D) Marshall equation
Economics
The increasing attractiveness of a variety of liquid financial assets has caused the
A) velocity of M1 to rise. B) demand for M1 to rise. C) velocity of M1 to decline. D) supply of M1 to decline.
Economics