The market labor-supply curve is:

Most economists see the business cycle

A) as a regular pattern of recessions and expansions of the same length and intensity. B) occurring as a result of anticipated macroeconomic changes in the marketplace. C) as randomly occurring, resulting from unpredictable long-run changes in the macroeconomy. D) as resulting from the response of households and firms to macroeconomic shocks.

More bidders would tend to increase the selling price at an oral auction if

a. bidders bid less aggressively b. the true value of the winner is higher c. the true values of the losers is higher d. Both A&C