If the wage rate were $50, how many workers would be hired?
A. 1
B. 2
C. 3
D. 5
D. 5
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Figure 34-9
?
In Figure 34-9, Pestoland at price OA
A. is importing MN pasta from Pastaland. B. is exporting MN pasta to Pastaland. C. is exporting XY pasta to Pastaland. D. is exporting OZ pasta to Pastaland.
What are some of the potential obstacles that can prevent a market from reaching the efficient outcome? Briefly define each obstacle
What will be an ideal response?
In the United States monetary policy is:
A. undertaken by the Treasury. B. undertaken by the Fed. C. also known as global policy. D. also known as fiscal policy.
The central authority of the U.S. banking system is the:
A. Federal Open Market Committee (FOMC). B. Board of Governors of the Federal Reserve. C. Federal Monetary Authority. D. Council of Economic Advisers.