If the demand for labor increased but more slowly than the supply
a. wages would rise
b. wages would fall.
c. there would be an increase in the amount of laborers employed.
d. both (b) and (c) would result.
d
Economics
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A country, such as Argentina in 2002, that is buying its own currency to maintain a given exchange rate
a. has a balance of payments surplus. b. has an undervalued currency. c. has an overvalued currency. d. need not fear a "run" on its currency.
Economics
What will be the amount owed at the end of one year if a borrower charges $100 on his/her credit card and doesn't make any payments during the year (assume the interest rate is 1.5% per month)?
What will be an ideal response?
Economics