Other things remaining the same, which of the following is likely to happen if there is a decrease in the price of cars?
A) There will be a decrease in both the wage rate and the employment levels in the petroleum extraction industry.
B) There will be an increase in the wage rate and a decrease in the employment levels in the petroleum extraction industry.
C) There will be a decrease in the wage rate and an increase in the employment levels in the petroleum extraction industry.
D) There will be an increase in both the wage rate and the employment levels in the petroleum extraction industry.
D
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U.S. opponents of NAFTA argued that the agreement will hurt the United States. In their view, NAFTA's greatest harm will be its
A) harmonization of labor policies. B) harmonization of environmental policies. C) harmonization of the use of pesticides and herbicides. D) job destruction and downward pressure on U.S. wages. E) harmonization of product safety standards.
If the Federal Reserve conducts open market ________, the money supply ________, shifting the LM curve to the right, everything else held constant
A) purchases; decreases B) sales; decreases C) purchases; increases D) sales; increases