Refer to the above table. If the marginal revenue product is $21, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?

In the money market, if real GDP increases, then the demand for money ________ and the equilibrium nominal interest rate ________

A) decreases; rises B) decreases; falls C) increases; falls D) increases; rises E) increases; does not change

The negative slope of an indifference curve means that the consumer must give up quantity of one good as the quantity of another good increases in order for total utility to ____

a. remain constant. b. increase c. decrease d. normalize.