In the economic way of thinking, capital contributes to
A) the exploitation of labor.
B) wealth.
C) greed.
D) macroeconomic inefficiency.
E) none of the above.
B
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The typical relationship between a worker's productivity and the worker's wage rate is
A) high productivity workers receive low wage rates. B) low productivity workers receive low wage rates. C) no link between productivity and wages earned. D) high productivity workers find that their jobs are often outsourced. E) that workers with high productivity need to have their high wages protected by tariffs.
If the Bank of Canada conducts open-market sales, how do the money supply and the aggregate demand change?
a. The money supply increases, and aggregate demand shifts right. b. The money supply increases, and aggregate demand shifts left. c. The money supply decreases, and aggregate demand shifts right. d. The money supply decreases, and aggregate demand shifts left.