A labor market monopsony
A) has a marginal cost of labor curve that lies above the labor supply curve.
B) has a marginal cost of labor curve that lies below the labor supply curve.
C) is a labor market in which the firm has an elastic demand for labor.
D) is a labor market in which the firm has an inelastic demand for labor.
A
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A sterilized foreign exchange intervention would:
A. leave the central bank's balance sheet unchanged. B. alter the liability side of the central bank's balance sheet but leave the asset side unchanged. C. alter the asset side of a central bank's balance sheet but leave the domestic monetary base unchanged. D. not alter the central bank's holdings of international reserves.
A firm's demand for labor is
A. its MRP schedule. B. determined by the going wage rate. C. shaped mainly by the supply of labor.