A decrease in the price of a good will cause a decrease in the firm's demand for labor
Indicate whether the statement is true or false
T
Economics
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If the dollar depreciates relative to other currencies, which of the following is true?
a. It takes more foreign currency to buy a dollar. b. It takes more dollars to buy a foreign currency. c. U.S. exports will decrease. d. Foreign purchases of U.S. goods will decrease.
Economics
In the long run
A) GDP = potential GDP. B) unemployment is below its natural rate. C) LRAS and SRAS lie on the same line. D) unemployment is above its natural rate.
Economics