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Author Question: An implication of the fact that the labor market is perfectly competitive is that: A) there is ... (Read 41 times)

sabina

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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sabina

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Reply #2 on: Jun 30, 2018
Thank you


akpaschal

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Reply #3 on: Jun 30, 2018
No problemo


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