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.
The fact that a mother works outside the home has no negative effect on the well-being of her child ...
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