In the U.S. over the past century, increases in labor
a. supply have outpaced increases in labor demand, causing the average wage rate to fall
b. supply have outpaced increases in labor demand, causing the average wage rate to rise
c. demand have outpaced increases in labor supply, causing the average wage rate to fall
d. demand have outpaced increases in labor supply, causing the average wage rate to rise
e. demand have occurred at the same pace as increases in labor supply, so the average wage rate has remained unchanged
D
Economics
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The Federal reserve can increase the money supply by lowering the reserve requirement or raising the discount rate
Indicate whether the statement is true or false
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Knowing demand is equivalent to knowing the
A) employee. B) customer. C) average investor. D) economic profit.
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