In 2005, General Motors announced a 20% reduction in its staffing levels and the closure of many assembly plants. Those laid off as a result would likely be classified as

Any change that affects the entire schedule relating the quantity of labor and the value of the marginal product of labor will ________, assuming all else equal

A) cause the labor demand curve to become vertical B) shift the labor demand curve C) cause a rotation in the labor demand curve D) be caused by a change in the wage rate

Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. During this time there was a period when it rose to ________ around ________ because ________

A) $190; 500 BC; of the gains from human capital while Aristotle and Plato were teaching in Athens B) $210; 1620; the Pilgrim Fathers began to arrive in the Americas C) a 1-million year high; the 1340s; the Black Death gripped Europe D) $140; 400 BC; the Roman Empire collapsed E) $210; 1492; Columbus sailed to the Americas