Which of the following would cause the demand for carpenters to increase?
a. a decrease in immigration
b. an increase in the demand for housing
c. an increase in the price of lumber
d. a decrease in the productivity of carpenters
b
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The economy's long-run aggregate supply curve ________.
A. slopes downward and to the right B. slopes upward and to the right C. is vertical D. is horizontal
What limits an unregulated bank's ability to go on creating money indefinitely?
What will be an ideal response?
The exchange rate of a currency in a black market:
A) will be less favorable to sellers of domestic currency than the official exchange rate. B) will be more favorable to sellers of domestic currency than the official exchange rate. C) will be more favorable to both the sellers and the buyers of domestic currency than the official exchange rate. D) will be less favorable to both the sellers and the buyers of domestic currency than the official exchange rate.
Suppose the current exchange rate between the Chinese yuan and the United States dollar is 7 yuan per dollar. If the Fed sought to drive up the exchange rate to 8 yuan per dollar then it would
A) buy dollars. B) sell dollars. C) buy yuan. D) sell dollars and buy yuan.