The Great Depression occurred in the early:

When the Fed unexpectedly increases the money supply, it will cause an increase in aggregate demand because: a. real interest rates will fall, stimulating business investment and consumer purchases

b. the dollar will depreciate on the foreign exchange market, leading to an increase in net exports. c. lower interest rates will tend to increase asset prices, which increases wealth and thereby stimulates current consumption. d. of all the above reasons.

When the supply of workers is plentiful, one would predict that market wages would be

a. determined outside the domain of economic theory. b. determined solely by factors that affect demand. c. low, other things equal. d. high, other things equal.