Which of the following phrases indicates that income is being spoken of?

If a monopsonist's labor supply curve is positively sloped, the marginal factor cost (MFC) will be below the wage rate

a. True b. False Indicate whether the statement is true or false

From mid-year 2006 to year-end 2008, housing prices

a. fell by approximately 30 percent, leading to a sharp reduction in aggregate demand. b. increased by approximately 30 percent leading to a sharp increase in aggregate demand. c. declined by a smaller about than in previous recessions. d. were unchanged, but a sharp decline in stock prices reduced aggregate demand.