If It Is Less Costly for Business Firms to Adjust

question 170

Multiple Choice

If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns,then in the short-run

• A)Ns has a positive slope and the demand for labor (Nd)negative slope.
• B)Nd has a negative slope and the supply of labor (Ns)a positive slope.
• C)AD has a negative slope.
• D)SAS has a positive slope.

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Definitions:

Governmental Fund

A type of fund used by government entities to account for activities that are financed through tax revenue and other governmental resources, focusing on fiscal accountability.

Capital Projects Fund

A fund used by governmental entities to finance major capital outlays, such as buildings, infrastructure, and other significant projects.