Multiple Choice
Consider the following model of the labor market:
Labor supply: 
Labor demand: 
The endogenous variables are:
A) 
and 
.
B) 
and the equilibrium wage, w.
C) 
and the equilibrium wage, w.
D) the equilibrium quantity of labor, L*, and wage, w*.
E) 
and the equilibrium quantity of labor, L.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following does macroeconomics endeavor
Q2: A main concern of short-run macroeconomics is
Q3: The short run is concerned with _,
Q4: When we look at the _ run,
Q6: These four steps, in the following order,
Q7: Consider the following model of the labor
Q8: An economic model is an exact replica
Q9: A main concern of long-run macroeconomics is
Q10: Which of the following does macroeconomics endeavor
Q11: Macroeconomics is to microeconomics what _ is