If a product is manufactured under conditions of constant cost, an increase in the demand for the product will increase
a. both equilibrium quantity and equilibrium price in the long run.
b. equilibrium price, but equilibrium quantity will be unchanged in the long run.
c. equilibrium quantity, but equilibrium price will be unchanged in the long run.
d. equilibrium quantity but reduce equilibrium price in the long run.
C
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If Jose is 22-years old, is available to work but does not have a job and made no specific efforts to find a job for the previous month, Jose is classified in the Current Population Survey as
A) not in the labor force. B) not in the working-age population. C) unemployed. D) in the labor force but not in the working-age population. E) employed.
The supply of euros is managed by
A) the European Monetary Union. B) the European Monetary System. C) the European Central Bank. D) the European Bank for Reconstruction and Development.