The demand for money curve shifts rightward if
A) the price level increases.
B) real GDP increases.
C) the nominal interest rate increases.
D) the real interest rate decreases.
B
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While unions represent only a fraction of the unskilled workers in the U.S. labor market, any wage increase won by unionized workers is most likely shared with non-union unskilled workers
a. True b. False Indicate whether the statement is true or false
Tammie makes $150 a day as a bank clerk. She takes off two days of work without pay to fly to another city to attend the concert of her favorite music group. The cost of transportation for the trip is $250. The cost of the concert ticket is $50. The opportunity cost of Tammie's trip to the concert is:
a. $450 b. $300 c. $600 d. $500
Three uses of gdp data
What will be an ideal response?
Convergence theory suggests that gaps in national incomes
A. tend to close over time. B. do not seem to change over time. C. are irrelevant in global economies. D. widen over time.