An increase in the money supply
a. lowers the interest rate, causing a decrease in investment and an increase in GDP
b. lowers the interest rate, causing an increase in investment and a decrease in GDP
c. lowers the interest rate, causing an increase in investment and an increase in GDP
d. raises the interest rate, causing an increase in investment and an increase in GDP
e. raises the interest rate, causing a decrease in investment and a decrease in GDP
C
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Refer to the below graph of the market for low-skilled labor. Sd is the supply of domestic resident workers, and St is the total supply of labor including undocumented workers. If there are illegal immigrants in the market, how many illegal immigrants will be employed?
A. 15M
B. 120M
C. 135M
D. 22M
As long as an additional worker hired by a firm produces
A) more output than the real wage rate, the firm will hire that worker. B) more output than the real wage rate, the firm will not hire that worker. C) less output than the real wage rate, the firm will hire that worker. D) some output, the firm will hire that worker. E) more output than the nominal wage rate, the firm will hire that worker.
Is it possible for the average fixed cost curve to have the shape depicted above? Explain
What will be an ideal response?
For the purchasing power of money to increase, the price level has to fall
Indicate whether the statement is true or false