One of the functions of deliberation councils is to
A) coordinate foreign investment from different countries.
B) set educational policy for universities and colleges.
C) coordinate government policy and private investment.
D) broaden the economies base of exports.
E) ensure stability in the country's fiscal and monetary policies.
C
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A firm's demand curve for labor slopes downwards because
A) firms supply less labor as the wage rate rises. B) of rising marginal product. C) workers supply less labor services as the wage rate falls. D) of the law of diminishing marginal returns.
Nominal GDP =________ where the price level is the ________
A) Price level ÷ Real GDP; GDP deflator B) Price level × Real GDP; CPI C) Price level ÷ Real GDP; CPI D) Price level × Real GDP; GDP deflator E) none of the above