Refer to Table 4-4. If a minimum wage of $9.50 an hour is mandated, what is the quantity of labor supplied?
A) 390,000 B) 380,000 C) 370,000 D) 340,000
B
Economics
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In the short run, an increase in aggregate demand
A) lowers the price level and decreases real GDP. B) lowers the price level and increases real GDP. C) raises the price level and increases real GDP. D) raises the price level and decreases real GDP.
Economics
The current slowdown in productivity growth afflicting most of the industrialized countries is commonly thought to have begun around
A) 1897. B) 1929. C) 1948. D) 1973. E) 1984.
Economics