If there is unemployment, the average wage rate will decline as the unemployed workers choose lower wages rather than going without a job. the demand curve for labor slopes downward and to the right so that more workers would be hired at the lower wage rate, restoring full employment.
1. according to the keynesian view, this quote is
a. incorrect because widespread unemployment would cause wages to rise, not decline.
b. incorrect because the demand for labor, other things constant, will not be negatively related to wages.
c. incorrect because wages and prices tend to be highly inflexible downward.
d. essentially correct.

Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45