Increases in human capital will promote economic growth.

The lower the real wage rate, the

A) fewer workers firms can profitably hire. B) more workers firms can profitably hire. C) more workers will supply labor. D) higher the nominal wage rate. E) larger the quantity of labor supplied.

Refer to Figure 17-6. If firms and workers have adaptive expectations, an expansionary monetary policy will cause the short-run equilibrium to move from

A) point B to point C. B) point A to point C. C) point B to point A. D) point A to point B. E) point C to point B.