Total costs equal
a. Fixed costs
b. Variable costs
c. Sunk costs
d. Fixed plus variable costs
d
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The relationship between the labor employed by a firm and the real wage rate is shown by the
A) supply of labor curve. B) supply of jobs curve. C) demand for jobs curve. D) demand for labor curve.
If a central bank were required to target inflation at zero, then when there was an unanticipated increase in aggregate supply the central bank
a. would have to increase the money supply. This would move unemployment closer to the natural rate. b. would have to increase the money supply. This would move unemployment further from the natural rate. c. would have to decrease the money supply. This would move unemployment closer to the natural rate. d. would have to decrease the money supply. This would move unemployment further from the natural rate.