The ________, the ________ is the quantity of real GDP supplied
A) higher the price level; greater
B) greater the demand for labor; smaller
C) lower the price level; greater
D) lower aggregate demand; greater
E) lower the supply of labor; greater
A
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Refer to the figure above. What is the equilibrium employment and wage rate after the demand curve shifts to LD2?
A) 20 units of labor and $35 B) 5 units of labor and $15 C) 15 units of labor and $20 D) 10 units of labor and $10
If the exchange rate changes from $2.00 = £1 to $2.01 = £1 then
A) the dollar has appreciated. B) the British pound has depreciated. C) the dollar has depreciated. D) the British pound has stayed constant in value.
Your business' success is most likely to be affected by Federal Reserve policy if it is in the
A) defense industry. B) health services industry. C) restaurant industry. D) residential construction industry.
In the U.S., the employment ratio is highest among ________, and lowest among ________
A) women; both sexes combined B) men; college-educated workers C) women; men D) men; women