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Author Question: A decrease in the marginal product of labor would be represented by a(n): a. increase in labor ... (Read 80 times)

vHAUNG6011

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on: Jun 30, 2018
A decrease in the marginal product of labor would be represented by a(n):
 a. increase in labor demand.
  b. decrease in labor demand.
  c. increase in the quantity demanded of labor.
  d. decrease in the quantity demanded of labor.
  e. increase in wages.

Question 2

When government purchases increase, the spending multiplier indicates the _____.
 a. amount of movement along the aggregate demand curve
 b. amount of movement along the aggregate supply curve
 c. size of the rightward shift of the aggregate demand curve at a given price level
  d. size of the rightward shift of the aggregate supply curve at a given price level
  e. size of the expansionary gap


sabina576

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

b

Answer to Question 2

c


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