Over the last century,
A. hours worked have increased as wages have increased.
B. hours worked have decreased as wages have increased.
C. hours worked have increased as wages have decreased.
D. hours worked have decreased as wages have decreased
Answer: B
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The money demand curve relates ________ to the ________.
A. the aggregate quantity of money demanded; price level B. the aggregate quantity of money demanded; nominal interest rate C. aggregate demand; nominal interest rate D. the aggregate quantity of money demanded; aggregate demand
If nominal GDP = $15 trillion and the quantity of money is $3 trillion, what is the velocity of circulation?
A) 45 B) 18 C) 5 D) 12
By the late 1880s, the main difference between the American Federation of Labor (AFL) and the Knights of Labor was
(a) the relatively low dues charged members by their AFL locals. (b) the broader membership base of AFL locals compared to the Knights. (c) the AFL's commitment to "progressive" politics. (d) the narrow membership qualifications of AFL locals compared to the Knights.
What explains differences in the economic rent charged for two plots of 500 acres of land that are used for growing corn and located in the same county of a state?
What will be an ideal response?