The idea that individuals who work for companies should receive ________ is known as minimum wage.
A. increases in wages based on the longevity of employment
B. at least an equitable hourly income
C. fair compensation for their skills
D. compensation based on the riskiness of their jobs
Answer: B
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As the value of U.S. exports ________, the quantity of ________ demanded increases
A) increases; foreign currencies B) increases; dollars C) decreases; dollars D) None of the above is correct because the value of U.S. exports has nothing to do with the quantity of dollars or foreign currency demanded.
In the Solow model, if f(k) = 2k0.5, s = 0.25, n = 0.1, and d = 0.4, what is the value of k at equilibrium?
A) 1 B) 2 C) 3 D) 4
In the 1990s, the United States eliminated its budget deficit and expanded the money supply. This should have led to
A. lower real interest rates and a depreciation of the dollar. B. lower real interest rates and an appreciation of the dollar. C. higher real interest rates and a depreciation of the dollar. D. higher real interest rates and an appreciation of the dollar.
Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B