An increase in which of the following leads to a decline in the monetary base?

Suppose the quantity of money is greater than the quantity of money demanded. In the short run, what occurs to set the quantity of money equal to the quantity of money demanded?

What will be an ideal response?

A monopsony maximizes its profit by hiring the level of employment that sets

A) labor supply equal to labor demand. B) the value of marginal product equal to the wage. C) the value of marginal product equal to the marginal cost of labor. D) the value of marginal product equal to the demand for labor.