Holding other factors constant, technological progress ________ the real wage and ________ employment.

In the short-run, any rise in the real exchange rate, EP /P, will cause

A) an upward shift in the aggregate demand function and a reduction in output. B) an upward shift in the aggregate demand function and an expansion of output. C) a downward shift in the aggregate demand function and an expansion of output. D) an downward shift in the aggregate demand function and a reduction in output. E) an upward shift in the aggregate demand function but leaves output intact.

__________ make(s) it easy for small savers to diversify their portfolios

A) Direct finance B) Traded securities C) Regulation Q D) Financial intermediaries