A firm's demand for labor
A) increases when the price of the firm's output falls.
B) decreases when the price of the firm's output falls.
C) decreases when the wage rate decreases.
D) always increases when the prices of other factors fall.
B
Economics
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If the savings rate in an economy is 30%, and the GDP of the economy is $1,000, then the level of investment in the economy will be:
A) $330. B) $150. C) $600. D) $300.
Economics
Rational expectations imply
a. markets always clear. b. that prices are "sticky" c. policy that is unpredictable is irrelevant to economic outcomes. d. both a and c. e. None of the above.
Economics