Which of the following variables is most directly determined in the labor market?
A) stock prices
B) nominal wages
C) interest rates
D) all of the above
E) none of the above
B
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Which of the following was NOT a time period in which output in the U.S. sharply rose?
A. World War I B. the Roaring Twenties C. the early 1930s D. the 1960s E. the late 1990s
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Families are having more children than families did 15 years earlier. As a result, families have more trouble finding baby-sitters and are shocked at the cost of child care. Which graph in Figure 4-8 best illustrates how the situation has changed?
A. 1 B. 2 C. 3 D. 4
Suppose that the price elasticity of demand for snow shovels is –1.2 . What would have to happen to the price of a snow shovel for the quantity demanded to fall from 2,000 to 1,800? Use the midpoint formula in your calculations
What will be an ideal response?
Assets which include foreign currencies and gold certificates that central banks use to maintain exchange rates in a predetermined range are called:
A) reserve assets. B) tangible assets. C) bank assets. D) discretionary assets.