In the above figure, the competitive wage rate is ________ and the quantity of labor is ________
A) $7.00; 150 hours
B) $8.00; 200 hours
C) $6.00; 100 hours
D) $8.00; 100 hours
A
Economics
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Business inventories tend to fall after an unexpected increase in aggregate demand
a. True b. False Indicate whether the statement is true or false
Economics
When quantity supplied decreases at every possible price, we know that the supply curve has
a. shifted to the left. b. shifted to the right. c. not shifted; rather, we have moved along the supply curve to a new point on the same curve. d. not shifted; rather, the supply curve has become flatter.
Economics