If the opportunity cost of working outside the home increases then it is likely that ________ assuming all else equal
A) there will be a rightward shift in the labor supply curve.
B) there will be a downward movement along the labor supply curve.
C) there will be a leftward shift in the labor supply curve.
D) there will be an upward movement along the labor supply curve.
C
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The position of the SRAS curve depends on:
A. the expected rate of inflation. B. the actual rate of inflation. C. the rate of nominal GDP growth. D. the long-run real growth rate.
The difference between interest income or receipts earned on investments in the rest of the world by the residents of a given country and the payments to foreigners on investments they have made in a given country is called:
A) unilateral transfers. B) net investment income. C) capital expenditures. D) none of the above.