Which of the following events will cause a downward movement along the value of marginal product of labor curve?
a. An increase in wage rate
b. An increase in price of the product
c. A decrease in wage rate
d. A decrease in price of the product
C
Economics
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When real GDP exceeds aggregate planned expenditure
A) an unplanned increase in inventories occurs. B) real GDP remains at its equilibrium. C) real GDP increases. D) firms increase production. E) an unplanned decrease in inventories occurs.
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What is the theory of comparative advantage?
What will be an ideal response?
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