Economists who attempt to explain the increasing earnings gap between skilled and unskilled workers in the United States offer two main hypotheses. Both hypotheses
a. suggest that, over time, the demand for unskilled labor has risen relative to the demand for skilled labor.
b. suggest that, over time, the demand for skilled labor has risen relative to the demand for unskilled labor.
c. emphasize the shrinking importance of international trade in recent years.
d. emphasize the growing importance of women and teenagers in the workforce in recent years.
b
Economics
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When new checkable deposits are created through loans,
a. the money supply contracts. b. excess reserves are destroyed. c. the money supply remains the same. d. the money supply expands. e. the required reserve ratio declines
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Supply curves are usually upward sloping
Indicate whether the statement is true or false
Economics