A stronger dollar leads to lower input prices for U.S. firms because
A) U.S. workers are willing to work for less pay because of the stronger dollar.
B) U.S. producers of intermediate goods lower prices in order to benefit from the stronger dollar.
C) both exports of raw materials and intermediate goods are lower in prices.
D) both imports of raw materials and intermediate goods are lower in prices.
D
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When workers expect the real wage to rise at a rate similar to productivity improvements, ________
A) the decrease in labor supply raises the real wage B) the increase in labor supply lowers the real wage C) the increase in labor supply raises the real wage D) the decrease in labor supply lowers the real wage
Except during the Great Depression, net investment has always been ________
A) equal to depreciation B) equal to zero C) positive D) negative