Most lawyers, doctors, and accountants are in the
A. secondary labor market.
B. primary labor market.
C. minimum wage labor market.
D. None of these choices are correct.
B. primary labor market.
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An increase in the opportunity cost of holding money creates a ________ the money demand curve and an increase in real GDP creates a ________ the money demand curve
A) leftward shift of; movement down along B) rightward shift of; movement down along C) movement up along; leftward shift of D) movement up along; rightward shift of
There are two ways in which the Fed can provide additional reserves to the banking system: it can ________ government bonds or it can ________ discount loans to commercial banks
A) sell; extend B) sell; call in C) purchase; extend D) purchase; call in
When a central bank aggressively tries to contain inflation via contractionary monetary policy, which condition is most likely to occur?
A. Disinflation B. Inflation C. Deflation D. Underinflation
Based on the circular flow model, money flows from households to businesses in:
a. both factor and product markets. b. product markets. c. factor markets. d. neither factor nor product markets.