When the U.S. decides to strengthen its border control, the labor market in California is affected. We would expect the:
A. demand for labor to decrease.
B. supply of labor to decrease.
C. demand of labor to increase.
D. supply of labor to increase.
B. supply of labor to decrease.
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The two basic markets shown by the simple circular flow model are
A. product and resource. B. capital goods and consumer goods. C. free and controlled. D. household and business.
Economists consider the ________ to be the most accurate measure of interest rates
A) simple interest rate. B) current yield. C) yield to maturity. D) real interest rate.
The aggregate demand (AD) curve shifts to the right. This is a result of
A) total expenditures increasing at a given price level. B) total expenditures decreasing at a given price level. C) the real balance effect. D) the interest rate effect E) b and c
According to the interest-rate effect, an increase in the price level will
a. increase money demand and interest rates. Investment declines. b. increase money demand and interest rates. Investment increases. c. increase money demand, reduce interest rates, and investment increases. d. decrease money demand and interest rates. Investment declines.