Consider the labor market for nurses, which initially is in equilibrium. Suppose the output price for nursing services increases. Holding all else equal, what effect will this have on the labor market for nurses?
a. The equilibrium wage will increase, and the equilibrium quantity of nurses will increase.
b. The equilibrium wage will increase, and the equilibrium quantity of nurses will decrease.
c. The equilibrium wage will decrease, and the equilibrium quantity of nurses will increase.
d. The equilibrium wage will decrease, and the equilibrium quantity of nurses will decrease.
A
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If the Fed lowers the federal funds rate, which of the following occurs?
A) Investment increases. B) Consumption expenditure decreases. C) The price of the dollar on the foreign exchange market increases. D) Net exports decrease. E) Government expenditure on goods and services increases.
If Mexico has foreign assets worth $100 billion and no liabilities, a 15% depreciation of the peso will result in a(n):
A) increase in liabilities at home by 100 billion pesos. B) decrease in assets at home by 150 billion pesos. C) decrease in overall wealth by 15%. D) increase in overall wealth.
Antitrust activity addresses
A. Inequity. B. Market power. C. Public goods. D. Macro instability.
A "shock" is something that creates a shift in:
A. the supply curve only. B. both the demand curve and the supply curve at the same time. C. the demand curve only. D. either the demand curve or the supply curve.