According to the above figure, the market clearing wage rate is
A) We.
B) Wm.
C) We - Wm.
D) Wm + We.
A
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Which of the following results in an increase in the supply of a good or service?
A) a rise in the price of the good or service B) an increase in foreign imports of the good or service C) a fall in the price of the good or service D) a smaller number of sellers producing the good or service E) higher taxes imposed upon producers of the good or service
The increase of the real money supply by 10% by the Federal Reserve when the unemployment rate rises by 1% is an example of
A) the conduct of procyclical monetary policy. B) the utilization of feedback policy rule. C) the utilization of rigid policy rule. D) the conduct of nondiscretionary fiscal policy.
If a country allows free trade and imports cars, then it is the case that the gains to domestic producers outweigh the losses to domestic consumers
a. True b. False Indicate whether the statement is true or false
Which of the following is a microeconomics topic?
A) the study of how prices are determined in the computer industry B) the study of unemployment in the economy C) the study of how changes in the nation's money supply affect the nation's output D) a and c E) b and c