An increase in wage rate, other things constant, shifts the aggregate supply curve downward. a. ...

Author Question: An increase in wage rate, other things constant, shifts the aggregate supply curve downward. a. ... (Read 27 times)

Lisaclaire

Hero Member
Posts: 569

on: Jun 30, 2018

An increase in wage rate, other things constant, shifts the aggregate supply curve downward.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Dividing the change in total revenue by the change in labor gives:
a. marginal product of labor.
b. marginal revenue product of labor.
c. the price of the output.
d. demand for the output.
e. economic efficiency.

dyrone

Sr. Member
Posts: 322

Reply #1 on: Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

b

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