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Question
When the labor market is in equilibrium,i. the quantity demanded of labor equals the quantity supplied.
ii. there is full employment.
iii. potential GDP is produced.
A) i only
B) ii only
C) iii only
D) i and iii
E) i, ii, and iii
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
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B) How will health care be produced?
C) For whom will health care be produced?
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B) a horizontal or a vertical line.
C) a downward-sloping line.
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