Refer to the figure above. If the government institutes a minimum wage rate at $30, the unemployment in the market will be:

According to the Application, the Fed started paying interest to banks on reserves. Since this change has occurred

A) all total reserves are now excess reserves. B) total reserves are finally equal to required reserves. C) required reserves now exceed total reserves. D) total reserves now far exceed required reserves.

The marginal revenue product of labor is usually downward sloping

Indicate whether the statement is true or false