Alchemy was the attempt to discover a process by which base metals, such as lead, could be turned into gold. If an alchemist had been successful,
A) all the lead in the world would have been added to the world's gold supply.
B) all the lead in the world would have replaced the world's gold supply.
C) all the lead in the world would only have been added to the world's gold supply when it was converted to gold.
D) the alchemist would likely have been killed by the owners of real gold.
A
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All else constant, an increase in the demand for bonds
A) increases the equilibrium quantity and the equilibrium price of bonds. B) increases the equilibrium quantity and decreases the equilibrium price of bonds. C) decreases the equilibrium quantity and increases the equilibrium price of bonds. D) decreases the equilibrium quantity and the equilibrium price of bonds.
If the demand for labor is plotted against the money wage, with the money wage on the vertical axis, then
a. an increase in the price level will cause the labor demand schedule to shift to the right. b. an increase in the money wage will cause the labor demand schedule to shift to the left. c. an increase in the money wage will cause the labor demand schedule to shift to the right. d. the labor demand schedule will be upward sloping.