It is profitable to hire more labor if the price level ________ and the money wage rate ________
A) rises; falls
B) rises; rises by the same percentage
C) falls; does not change
D) falls; rises
E) does not change; rises
A
Economics
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Alan Greenspan's overall approach to monetary policy:
a. has been partly credited for the expansion of the 1990s. b. relied heavily on the monetization of debt during economic downturns. c. typically responded to economic downturns by lowering the federal funds rate. d. Both a and b are correct. e. both a and c are correct.
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The short-run supply curve for a perfectly competitive firm is that portion of the MC curve above the AVC curve
a. True b. False Indicate whether the statement is true or false
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