The more difficult it is for a firm to adjust its labor force in the face of economic fluctuation, the more likely the firm is to hire new workers

When the money market is drawn with the value of money on the vertical axis, as the price level decreases, the value of money

a. increases, so the quantity of money demanded increases. b. increases, so the quantity of money demanded decreases. c. decreases, so the quantity of money demanded decreases. d. decreases, so the quantity of money demanded increases.

A schedule of how much of a good people will purchase for a range of possible prices during a specified time period, other things constant, is the definition of

A) supply. B) demand. C) a purchasing contract. D) an economic market.