If there is an increase in the demand for U.S. automobiles, the
A) demand for dollars will fall.
B) demand for dollars will rise.
C) supply of dollars will fall.
D) supply of dollars will rise.
B
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Positive spending shocks lead to ________ real interest rates ________
A) higher; in both the short and long runs B) higher; in the short run but not in the long run C) lower; in both the short and long runs D) lower; in the short run but not in the long run
If Q is total real output, K is capital in use, L is labor employed, an increase in the productivity of labor would imply a(n): a. increase in K/L
b. increase in L/K. c. increase in Q/L. d. decrease in Q/K. e. decrease in (Q + K)/L.
At the time the _________ was passed, the ratio of total earnings for African American men was 62% of their white counterparts. Today the gap is smaller, although it still has not closed.
a. Fair Labor Standards Act of 1938 b. Civil Rights Act of 1964 c. Taft-Hartley Act of 1947 d. National Labor-Management Relations Act of 1935
A technological advance that increases the productivity of teachers can be expected to have what effects on the equilibrium labor market for teachers?
a. Wages will fall, and quantity of labor will rise. b. Wages will rise, and quantity of labor will rise. c. Wages will rise, and quantity of labor will fall. d. Wages will fall, and quantity of labor will fall.