The above figure shows the market for labor. The employer is a monopsony. If the workers are unionized, the wage will be
A) $5 per hour.
B) between $5 per hour and $15 per hour.
C) above $15 per hour.
D) less than if the workers were not unionized.
B
Economics
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John makes it a point to save a portion of his salary every month. Assuming all else equal, if the real interest rate increases, it is likely to cause:
A) a downward movement along John's credit supply curve. B) John's credit supply curve to shift to the left. C) John's credit supply curve to shift to the right. D) an upward movement along John's credit supply curve.
Economics
List and briefly explain the steps in how monetary policy affects real GDP in the AS/AD model using as your example the case when the Fed eases monetary policy to fight a recession
What will be an ideal response?
Economics