Suppose a change in technology increases the marginal product of labor. The result is
a. a downward movement along the demand for labor curve.
b. a rightward shift in the demand for labor curve.
c. a leftward shift in the demand for labor curve.
d. an upward movement along the demand for labor curve.
B
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Nominal GDP can change
A) only if prices change. B) only if the quantities of goods and services change. C) only if prices increase. D) if either prices or the quantities of goods and services change. E) only if prices and the quantities of the goods and services change.
If firms in a competitive market are ________ then there is ________ for firms to ________ the industry
A) incurring economic losses; an incentive; exit B) incurring economic losses; no incentive; exit C) making economic profits; no incentive; enter D) making zero economic profit; an incentive; exit
First, write out the expression/equation for the real exchange rate. Second, explain all factors that determine the real exchange rate
What will be an ideal response?
A large open economy has desired national saving of Sd = 1200 + 1000rw, and desired national investment of Id = 1000 - 500rw. The foreign economy has desired national saving of 
= 1000 + 1000rw, and desired national investment of 
= 1800 - 500rw. Calculate the equilibrium values of rw, CA, CAFor, S, I, SFor, and IFor.
What will be an ideal response?