What is the best description of Northern wages from 1860-1864?
a. A relatively large decrease in demand relative to the decrease in supply led to lower wages and fewer people working.
b. An increase in the demand for labor and decrease in the supply of labor led to lower wages and fewer people working.
c. Increases in both the demand and supply for labor led to more people employed who were working for about the same wages.
d. A decrease in the demand for labor coupled with an increase in the supply led to many fewer people working, but those who were employed worked for higher wages.
a. A relatively large decrease in demand relative to the decrease in supply led to lower wages and fewer people working.
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In international exchange markets, a rise in interest rates in the United States will cause the demand for dollars to ________ and the supply of dollars to ________
A) increase; increase B) decrease; increase C) decrease; decrease D) increase; decrease
How have U.S. imports and exports, as a fraction of GDP, changed from 1970 to the present?
What will be an ideal response?