A business organization owned by a group of people for their mutual benefit:
a. a cooperative
b. a labor union
c. a limited liability partnership
d. a professional organization
Answer: a. a cooperative
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When labor productivity increases, the demand for labor curve ________ and the supply of labor curve ________
A) shifts rightward; shifts rightward B) shifts rightward; does not shift C) shifts leftward; shifts rightward D) shift s leftward; does not shift
Within the Keynesian aggregate expenditures model, if the economy is below equilibrium, then there will be:
a. an increase the demand for goods and services. b. an increase in real GDP. c. lower interest rates, which will stimulate aggregate demand and keep the economy at full employment. d. a lower price level, which will quickly guide the economy to full-employment equilibrium.