Author Question: The above table has information about the hypothetical economy of Robotica. Based on the data, the ... (Read 127 times)

ahriuashd · **on:** Jun 30, 2018

The above table has information about the hypothetical economy of Robotica. Based on the data, the size of M1 is

A) 2,600 billion.
B) 1,110 billion.
C) 1,510 billion.
D) 610 billion.
E) 600 billion.

Question 2

The supply of labor curve has a ________ slope because as the real wage rate rises, ________.

A) positive; the opportunity cost of leisure rises
B) negative; households work more hours
C) positive; the opportunity cost of leisure falls
D) positive; firms offer more jobs
E) negative; firms hire fewer workers