If workers in an industry become less productive, we would expect the
A) supply of workers to increase.
B) supply of workers to decrease.
C) demand for workers to decrease.
D) demand for workers to increase.
Answer: C
You might also like to view...
Which one of the following is an example of discretionary fiscal policy used to correct an inflationary gap?
A) an increase in government expenditures approved by Congress B) decrease in the money supply by the Federal Reserve C) a tax increase passed into law by Congress D) an agreement among major banks to lower interest rates
As part of the "exchange rate effect of monetary policy," a higher money supply causes __________ of the domestic currency and thus __________ net exports
A) appreciation; rising B) appreciation; falling C) depreciation; rising D) depreciation; falling
The inflation tax
a. is an alternative to income taxes and government borrowing. b. taxes most those who hold the most money. c. is the revenue created when the government prints money. d. All of the above are correct.
The U.S. real interest rate rises relative to Japan's. As a result,
A) the yen will depreciate and the dollar will appreciate. B) the yen will appreciate and the dollar will depreciate. C) both the dollar and the yen will depreciate. D) both the dollar and the yen will appreciate.