Assume a series of forest fires reduces the supply of lumber, which is an input in the production of wooden bats. Baseballs and wooden bats are complements. If the price of wooden bats increases, we can expect the

Suppose the Euros per Canadian dollar exchange rate is 4 . The aggregate price level in France is 100, and the aggregate price level in Canada is 80 . The real exchange rate between the two countries is _____

a. 2.5 b. 3.2 c. 5 d. 2.4

The term "unemployment" is best described as the total number of

A. people who have been laid off and have stopped looking for work. B. adults who are looking for work but have not found a job. C. adults who work fewer hours than they wish to work. D. people not working.