Refer to the above table. Suppose the price of the good sold is $3 and the marginal factor cost of labor is $300, how many units of labor will the firm hire?

According to this Application, some economists believe that recessions which are caused by ________ normally have ________ recoveries

A) high oil prices; faster B) financial crises; faster C) high oil prices; slower D) financial crises; slower

A central bank can bring output back up to efficient level in the New Keynesian model by

A) decreasing the money supply. B) increasing the money supply. C) decreasing government expenses. D) increasing government expenses.