When the U.S. dollar appreciates,
What will be an ideal response?
Aggregate demand shifts leftward.
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Using the table above, the labor force participation rate is
A) 83.3 percent. B) 90.0 percent. C) 10.0 percent. D) 11.1 percent. E) 100 percent.
In an economy open to international trade where the interest rate at which saving and investment would be equal is ________ the world real interest rate ________
A) above; a trade surplus ensues B) below; a trade deficit ensues C) above; there is a net capital outflow D) below; there is a net capital inflow E) none of the above
Special interests have an incentive to become informed about a policy from which they could receive concentrated benefits
Since other voters remain rationally ignorant of the policy, the special interests will have considerable influence in the legislature. Will special interests receive everything they want from the legislature? Why or why not? How will the legislature determine what the special interests will receive?
Everything else equal, an increase in the demand for labor will
a. increase the real wage rate, employment, and real output b. reduce the real wage rate, employment, and real output c. increase the real wage rate but decrease employment and real output d. reduce the real wage rate but increase employment and real output e. increase the real wage rate and employment, but leave real output unchanged