The economy's ability to coordinate economic activity is hindered by
A) auction prices. B) workers whose wages change quickly.
C) sticky wages causing sticky prices. D) all of the above.
C
Economics
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Assume that the market demand for a good is p = 100 - Q. Assume that the marginal product of labor is 1 and the firm can get all the labor it needs at a wage equal to 5
Compare the quantity of labor hired if the output market is competitive with the quantity hired if the output market is a monopoly.
Economics
Most trading in the retail part of the foreign exchange market is trading done among foreign exchange traders at banks.
Answer the following statement true (T) or false (F)
Economics