Central banks get the purchasing power to buy foreign exchange by:
a. Buying government securities.
b. Taking loans from the government.
c. Increasing their liabilities in the form of deposits from banks.
d. Actually, they are not able to buy or sell foreign exchange.
.C
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The figure above shows the demand for and supply of labor of students in Smallville. If the minimum wage is set at $4 per hour, how many hours of students' labor are unemployed?
A) 12,000 hours B) 9,000 hours C) 6,000 hours D) 0 hours
Refer to Figure 26-7. Suppose the Fed sells Treasury Bills in pursuit of contractionary monetary policy. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from
A) B to C. B) C to B. C) B to D. D) C to D. E) A to B.
Complete the table below by computing the missing numbers from those that are given. QFixed CostsVariable CostsAverage CostMarginal Cost0$20_______________1_______________$82_____$15__________3__________$13.67_____4_______________ 65_______________ 76_____ 42__________7_____ 51__________8__________ 10.125_____? ?
What will be an ideal response?
If labor markets are competitive, discriminating employers
a. will have to pay higher wages since the available labor supply is smaller. b. will have higher costs and therefore be at a competitive disadvantage. c. will be driven out of business by nondiscriminators. d. All of the above are true.