When an exchange rate is determined strictly by the demands and supplies for a nation's currency, it is called:

The "fair results" view of fairness says that a minimum wage law set above the equilibrium wage rate is unfair because the minimum wage

A) does not apply to all workers. B) boosts the income of highly skilled workers. C) benefits only those workers who are able to find and keep a job. D) benefits nobody. E) cannot be enforced.

In a Keynesian model, a temporary increase in government purchases would cause output to ________ and the domestic real interest rate to ________, in the short run

A) remain unchanged; increase B) remain unchanged; decrease C) increase; increase D) increase; decrease