Author Question: An implication of the fact that the labor market is perfectly competitive is that: A) there is ... (Read 44 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
An implication of the fact that the labor market is perfectly competitive is that:
 
  A) there is always some unemployment.
  B) the labor demand curve is upward sloping and the labor supply curve is downward sloping.
  C) the quantity of labor demanded always exceeds the quantity of labor supplied.
  D) a worker willing to work at the equilibrium wage rate can instantly find work.

Question 2

If a check written on one bank is deposited in another bank
 
  A) new reserves are created for the banking system.
  B) the money supply decreases.
  C) the money supply remains unchanged.
  D) the money supply increases.



akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library