Firms hire more labor as long as
A) the real wage rate is greater than the additional output the labor produces.
B) extra labor will produce more output.
C) the real wage rate is less than the additional output the labor produces.
D) the nominal wage rate exceeds the real wage rate.
E) the nominal wage rate is less than the real wage rate.
C
Economics
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In periods of high inflation, _____
a. people want to hold as much money as possible b. the purchasing power of money decreases c. the real interest rate exceeds the nominal interest rate d. the nominal interest rates are likely to be low e. the nominal interest rate equals the real interest rate
Economics
In an open economy, the supply of loanable funds comes from national saving
a. True b. False Indicate whether the statement is true or false
Economics