Adherents of the traditional monetary rule say that the supply of money should be:
A. increased at a constant rate each year.
B. decreased during recession and increased during inflation.
C. held constant over time.
D. increased during recession and decreased during inflation.
A. increased at a constant rate each year.
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As more efficient capital equipment becomes available, the demand for labor will ________, the real wage will ________, and the quantity of labor hired will ________
A) increase; increase; increase B) increase; decrease; remain the same C) increase; remain the same; decrease D) increase; remain the same; increase
Which of the following is a topic studied in macroeconomics?
A. Unemployment rates over time B. Taxation strategies of major corporations C. Gasoline price changes D. Consumer participation in Facebook
Which of the following is a factor that affects both the supply of and demand for a good?
A. Technology B. Price of inputs C. Consumers' income D. Government regulations
A union's success in raising the wage depends on
A) the elasticity of demand it faces. B) members' ability to act collectively. C) the share of the labor market that is unionized. D) All of the above.