If we compare the Baby Boom generation of workers to the number of workers who came before and will come after them, we realize that, all other things equal, the Baby Boomer's labor:

A. demand will be relatively lower at any wage.
B. demand will be relatively greater at any wage.
C. supply will be relatively lower at any wage.
D. supply will be relatively greater at any wage.


Answer: D

Economics

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When the central bank announces the inflation rate that it will achieve over the next one to four years, it is following a strategy known as

A) money targeting. B) inflation targeting. C) a currency board. D) real business cycle targeting.

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When economists say the quantity demanded of a product has increased, they mean the:

A. demand curve has shifted to the left. B. demand curve has shifted to the right. C. price of the product has fallen, and consequently, consumers are buying more of it. D. price of the product has risen, and consequently, consumers are buying less of it.

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Absorption refers to

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Economics