Assuming all else equal, if the Fed is expected to adopt a contractionary monetary policy, ________
A) labor demand will increase B) inflation expectations will increase
C) the long-run real interest rate will increase D) labor supply will increase
C
Economics
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The entry of China and other developing countries into the global economy ________ the value of marginal product of factory workers in the United States and ________ their wage rate
A) increases; lowers B) decreases; raises C) decreases; lowers D) increases; raises
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Traveler's check are
A) part of M1 only. B) part of M2 only. C) part of M1 and M2. D) not part of M1 or M2.
Economics