When housing prices decrease, household wealth ________ and consumption ________.

In order to hire an additional worker, a monopsony must pay

A) a higher wage rate than it paid before. B) the same wage rate it paid before. C) a lower wage rate than it paid before. D) a wage rate that is sometimes higher, sometimes lower, and sometimes the same as before, depending on the elasticity of the supply of labor.

The unemployment rates in the U.S. from 2002 to 2012 were in the range of:

A.  4.6% to 9.6% B.  1.5% to 4.5% C.  8.4% to 12.4% D.  10.7% to 14.7%