If employers are profit-maximizers, then
a. competition will always eventually eliminate employment discrimination.
b. employment discrimination may persist if consumers discriminate.
c. employment discrimination will persist because it is always profitable.
d. compensating differentials cannot exist.
b
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Suppose the price level rises and the money wage remains constant. This set of changes leads to
A) an upward movement along the LAS curve. B) an upward movement along the SAS curve. C) a leftward shift of the SAS curve. D) a leftward shift of the SAS curve and the LAS curve.
An increase in the price of gasoline will cause a(n)
a. an increase in the quantity of gasoline demanded b. decrease in the quantity of gasoline demanded c. no change in the quantity of gasoline demanded d. increase in the demand for gasoline e. decrease in the demand for gasoline