If the level of government spending increases at the same time the Fed is pursuing contractionary monetary policy, we know that
a. incomes will fall.
b. the interest rate will rise.
c. incomes will rise.
d. the interest rate will fall.
b
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When all other influences on work plans remain the same, the
A) lower the real wage rate, the smaller the quantity of labor supplied. B) higher the real wage rate, the greater the quantity of labor demanded. C) lower the real wage rate, the greater the quantity of labor supplied. D) lower the real wage rate, the smaller the quantity of labor demanded. E) lower the real wage rate, the larger the labor force participation.
The values of real GDP and real GNP are almost the same for the United States
Indicate whether the statement is true or false
If you are following a tit-for-tat strategy in a repeated game, and your opponent makes a cooperative move, you will:
A. collude. B. make a cooperative move in the next round. C. price compete. D. defect.
When a country allows trade and becomes an importer of steel,
a. the losses of the domestic producers of steel exceed the gains of the domestic consumers of steel. b. the losses of the domestic consumers of steel exceed the gains of the domestic producers of steel. c. the gains of the domestic producers of steel exceed the losses of the domestic consumers of steel. d. the gains of the domestic consumers of steel exceed the losses of the domestic producers of steel.