More than half of the labor force in developing countries is devoted to agriculture, and about 3/4 of output in these countries comes from agriculture

Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess supply of goods which will cause aggregate output to ________

A) right; fall B) right; rise C) left; fall D) left; rise

When workers are paid a wage that is less than their contribution to a monopsonist's revenues

A) this is sometimes referred to monopsonistic exploitation. B) this is sometimes referred to as an incentive. C) they seek part time employment. D) they file a grievance with their union representative.