Studies have shown that differences in wages between men and women:
A. are explained in part by differences in productivity and in part by discrimination.
B. are fully explained by differences in productivity, education, and skill.
C. have disappeared in the last five years.
D. are fully explained by discrimination.
Answer: A
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The dual mandate of the Federal Reserve System is to maintain ________
A) exchange rate and price stability B) price stability and maximum sustainable employment C) maximum sustainable employment and GDP growth D) GDP growth and exchange rate stability
For a small bank in a large banking system, excess reserves are equal to the
A. The difference between transactions account balances and loans. B. The amount of loans a bank can make after meeting the reserve requirement. C. Amount of money that the U.S. Treasury makes available for loans. D. The amount of reserves that a bank must hold equal to the loans that it makes.
If the price level falls, the real value of a dollar
a. rises, so people will want to buy more. This response helps explain the slope of the aggregate demand curve. b. rises, so people will want to buy more. This response shifts aggregate demand to the right. c. falls, so people will want to buy less. This response helps explain the slope of the aggregate demand curve. d. falls, so people will want to buy less. This response shifts aggregate demand to the left.