Signaling is the attempt by the uninformed side of the market to uncover the relevant but hidden characteristics of the informed party

A firm's value of marginal product of labor curve

A) is flatter than its demand for labor curve. B) is steeper than its demand for labor curve. C) is its demand for labor curve. D) bends backward.

Explain the difference between nominal GDP and real GDP. Which is more important when using GDP as a measure of production? Why?

What will be an ideal response?