Between 1860 and 1890, both daily wages and annual earnings
a. fell slightly.
b. stayed roughly the same.
c. increased by 10%.
d. increased by 50%.
d. increased by 50%.
Economics
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The law of demand implies that if nothing else changes, there is
A) a positive relationship between the price of a good and the quantity demanded. B) a negative relationship between the price of a good and the quantity demanded. C) a linear relationship between price of a good and the quantity demanded. D) an exponential relationship between price of a good and the quantity demanded.
Economics
When cyclical unemployment is zero
A) frictional unemployment is zero. B) cyclical and frictional unemployment are zero. C) structural unemployment is zero. D) the unemployment rate equals the natural unemployment rate.
Economics