In the business cycle, a trough marks the end of a(n) _____ and the beginning of a new _____

Using the liquidity preference framework, what will happen to interest rates if the Fed increases the money supply?

What will be an ideal response?

If firms pay efficiency wages, they pay wages that

A) are mandated by the government. B) will eventually lower the unemployment rate. C) motivate workers to increase their productivity. D) are lower than average to ensure maximum profit.