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Author Question: If the demand for labor is plotted against the money wage, with the money wage on the vertical axis, ... (Read 19 times)

JGIBBSON

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on: Jun 30, 2018
If the demand for labor is plotted against the money wage, with the money wage on the vertical axis, then
 
  a. an increase in the price level will cause the labor demand schedule to shift to the right.
  b. an increase in the money wage will cause the labor demand schedule to shift to the left.
  c. an increase in the money wage will cause the labor demand schedule to shift to the right.
  d. the labor demand schedule will be upward sloping.

Question 2

Which of the following are not included in the consumption component of gross domestic product?
 
  a. Purchases of stocks and bonds.
  b. Consumer durable goods
  c. Nondurable consumption goods
  d. Consumer services


itsakadoozi

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

A

Answer to Question 2

A


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