The wage rate is constant along a firm's labor demand curve

a. True
b. False

B

Economics

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Prior to 1996 the government measured real GDP using 1987 prices

What would the rapid growth in computers and the fall in computer prices tend to do to the difference between true GDP growth and measured real GDP growth, relative to using a later year?

Economics

Municipalities that have adopted the policy of "rent control" typically set the rentals on certain apartments well below equilibrium. As a result,

A) landlords have a difficult time finding tenants. B) prospective tenants have a difficult time finding available apartments. C) there is a surplus of apartments. D) All of the above.

Economics