Refer to Scenario 1. What is the marginal product of the third hour of labor?

If some monopolistically competitive firms exit their market after suffering short-run losses, the demand curves of remaining firms will shift to the right

Indicate whether the statement is true or false

Assuming seigniorage equals zero, the federal debt is ________ and the budget deficit is ________

A) a flow variable representing the total value of government bonds outstanding; a stock variable representing the yearly increase in value of newly issued government bonds B) a stock variable representing the total value of government bonds outstanding; a flow variable representing the yearly increase in value of newly issued government bonds C) a flow variable representing the yearly increase in value of newly issued government bonds; a stock variable representing the total value of government bonds outstanding D) a stock variable representing the yearly increase in value of newly issued government bonds; a flow variable representing the total value of government bonds outstanding