Most of the labor force in developing countries work in the low wage manufacturing sector
a. True
b. False
B
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Use the following graph to answer the next question.
The graph shows the supply and demand for money where Dm1, Dm2, and Dm3 represent different demands for money and Sm1, Sm2, and Sm3 represent different levels of the money supply. The initial equilibrium point is A. What will be the new equilibrium point following a decrease in the money supply?
A. F B. B C. E D. I
______ is the percentage change in hours worked divided by the percentage change in wages—will determine the shape of the labor supply curve.
a. Elasticity of savings b. Cross-price elasticity of demand c. Income elasticity of demand d. Wage elasticity of labor supply
There is an inverse relationship between the price of an existing bond and its
A. Current yield. B. Par value. C. Liquidity yield. D. Risk yield.
Stagflation is a combination of:
A. high and accelerating inflation and high unemployment. B. low and decelerating inflation and high unemployment. C. high and accelerating inflation and low unemployment. D. low and decelerating inflation and low unemployment.