When the supply of workers is plentiful, one would predict that market wages would be
a. determined outside the domain of economic theory.
b. determined solely by factors that affect demand.
c. low, other things equal.
d. high, other things equal.
c
Economics
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In the long run, the price level adjusts
A) to achieve money market equilibrium. B) so that the inflation rate equals the growth rate of real GDP. C) so that the inflation rate equals zero. D) so that the inflation rate is moderate. E) so that the real interest rate equals the nominal interest rate.
Economics
The demand for money to cover unexpected expenditures and to meet emergencies is known as
A) the transactions demand for money. B) the precautionary demand for money. C) the asset demand for money. D) the terminal demand for money.
Economics