In response to an increase in the wage rate, the income effect will usually cause a person to
A) supply fewer hours of labor.
B) supply more hours of labor.
C) supply the same hours of labor.
D) have a horizontal labor supply curve.
A
Economics
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An unexpected fall in GDP growth should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
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Free entry and exit of firms is a characteristic of:
A. all industries in the U. S. economy. B. centralized economies. C. industries in which firms are earning positive economic profit. D. perfectly competitive industries.
Economics