How do the wages in the United States compare to those in northern Europe?
a. U.S. wage rates are higher than those of all northern European nations.
b. Northern Europe's average wage rates are higher.
c. U.S. wage rates are higher than those in Germany and the Netherlands.
d. they are similar.
d
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Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts less than the demand curve. As a result
A) both the equilibrium price and quantity of MP3 players will decrease. B) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease. C) both the equilibrium price and quantity of MP3 players will increase. D) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
________ in the foreign interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
An increase in the money supply, all else held constant, usually ________.
A. increases the interest rate and increases aggregate demand
B. decreases the interest rate and increases aggregate demand
C. increases the interest rate and decreases aggregate demand
D. decreases the interest rate and decreases aggregate demand
How is the Solow residual measured? What problems arise in its measurement when resource utilization varies over the business cycle? What implications do these measurement issues have for evidence supporting the RBC model?
What will be an ideal response?