Which of the following factors will not affect the profit expectations of business firms and change the level of investment?

Refer to Figure 8.3. Holding other variables constant, if the economy is originally in equilibrium at the intersection of D2 and S2 and households increase their preference for leisure over labor, the economy would move to the new equilibrium point

represented by A) w1 and L2. B) w3 and L2. C) w2 and L2. D) w2 and L1.

The demand for slaves was increasing more rapidly in cities than on plantations

Indicate whether the statement is true or false