The idea that the value of money is equal across countries is known as
A) interest rate parity.
B) the expected profit parity effect.
C) purchasing power parity.
D) exchange rate parity.
C
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Give three reasons why a demand curve slopes downward to the right.
What will be an ideal response?
The aggregate demand curve:
A. shows the price level on the horizontal axis and output on the vertical axis. B. shows the relationship between the overall price level and the level of total demand. C. shows the relationship between the price of goods and services and the level of total demand. D. is upward-sloping, which is counter to the individual demand curve.
A . Can you explain why some employees who work for monopsonists might feel that they are underpaid? b. Why can't the firm raise their wage rates to keep them from feeling this way?
Suppose that college professors at public universities are unionized. If public university college professors change their minds and vote not to be unionized, the quantity of public university college professors demanded will
a. rise. The supply of workers in other similar professions will also rise. b. rise. The supply of workers in other similar professions will fall. c. fall. The supply of workers in other similar professions will rise. d. fall. The supply of workers in other similar professions will also fall.