Existing employees prefer:
A. negative elastic supplies of labor.
B. elastic supplies of labor.
C. unit-elastic supplies of labor.
D. inelastic supplies of labor.
Answer: A
Economics
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When the price of a bond decreases, all else equal, the bond demand curve
A) shifts right. B) shifts left. C) does not shift. D) inverts.
Economics
The trade-offs between inflation and unemployment experienced in the 1970s and 1980s indicated to neo-Keynesians that the long-run Phillips curve was
a. horizontal b. upward sloping c. downward sloping d. vertical e. undefined
Economics