What percentage of the average U.S. firm's costs are accounted for by wages and salaries?

What is a supply shock? What is a demand shock? Describe an example of a supply shock and of a demand shock

What will be an ideal response?

Which of the goals pursued by policymakers in an open economy is desirable because can help reduce the volatility of economic activity?

A) exchange-rate stability B) monetary policy independence C) free capital flows D) appreciation of the domestic currency