In the figure above, in the market for low-skilled labor, the equilibrium wage rate is

A bank failure occurs whenever

A) a bank cannot satisfy its obligations to pay its depositors and other creditors. B) a bank suffers a large deposit outflow. C) a bank has to call in a large volume of loans. D) a bank refuses to make new loans.

Which of the following would result in a decrease in aggregate demand?

a. A higher domestic price level b. Higher raw materials prices c. Higher rates of tax d. Technological advances e. Expansionary government policy