The period of time over which all inputs are variable is the

For this question, assume that Y = N. Based on our understanding of the labor market model presented in Chapter 6, we know that an increase in the minimum wage will cause

A) an increase in the natural level of output. B) a reduction in the natural level of output. C) no change in the natural level of output. D) an increase in the natural level of employment.

If the Fed uses its tools to expand the money supply, bond prices will be bid down and interest rates will rise

a. True b. False Indicate whether the statement is true or false