Stagflation in an economy can be effectively controlled by Keynesian demand management policies.
a. True
b. False
Indicate whether the statement is true or false
Question 2
The number of workers hired by a firm at a particular wage rate can be calculated if you know which of the following?
a. c and d.
b. Product supply curve.
c. Marginal product of labor.
d. Marginal factor cost.
e. Marginal revenue product of labor.