The marginal revenue product of labor equals
a. MP/wage
b. change in total revenue/change in units of labor
c. change in total revenue times the change in units of labor
d. P/MP
e. MP ? wage
B
Economics
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At the equilibrium GDP for a private open economy:
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If the Fed wishes to slow economic activity, it might actively pursue:
A. expansionary fiscal policy. B. expansionary monetary policy. C. contractionary fiscal policy. D. contractionary monetary policy.
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