As manufacturing becomes more efficient, services can be expected to become more costly.
Answer the following statement true (T) or false (F)
True
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The IS curve shows a series of equilibrium points in the goods market for various levels of
A) investment and interest rates. B) investment and money supply. C) income and interest rates. D) inflation and unemployment.
A reduction in the demand for labor will cause wages to:
A. decrease and employment to increase. B. increase and employment to decrease. C. decrease and employment to decrease. D. increase and employment to increase.
The fact that individuals whose credit worthiness is less than it appears to be are those who are most willing to borrow funds at any given interest rate is an example of
A) moral bonuses. B) diverse origins. C) symmetric information. D) adverse selection.
If the Fed wants to increase the value of the dollar, it will
A) sell foreign securities and buy dollars in international currency markets. B) buy foreign securities and sell dollars in international currency markets. C) buy foreign securities and also buy dollars in international currency markets. D) sell foreign securities and also sell dollars in international currency markets.