Decisions regarding purchases and sales of government securities by the Fed are made by the
Federal Open Market Committee (FOMC)
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When a nation starts importing a good or service, domestic employment in that industry
A) decreases. B) stays the same. C) increases. D) might change, but more information about what else the country imports is needed to determine if employment increases, decreases, or does not change. E) might change, but more information about what the country exports is needed to determine if employment increases, decreases, or does not change.
What happens to the MPP of labor when the price of the good produced increases?
a. It increases proportionally with the price. b. It decreases proportionally with the price. c. Nothing happens because it stays the same. d. It falls because quantity demanded falls. e. It rises because quantity demanded falls.