The rightward shift of the RS curve will lead to a ________ in the U.S. exchange rate, ________ in real GDP, and a ________ in the price level
A) rise; a decrease; fall
B) rise; an increase; rise
C) fall; an increase; rise
D) rise; an increase; fall
E) fall; an increase; fall
The figure above shows the market for loanable funds. The supply of loanable funds curve shifts rightward.
C
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If the minimum wage exceeds the equilibrium wage, then
A. there will be no unemployment. B. the minimum wage will not be binding. C. the quantity supplied of labor will exceed the quantity demanded. D. the quantity demanded of labor will exceed the quantity supplied.
The production possibilities frontier is the boundary between the
A) rational and irrational choices facing a society. B) wanted and unwanted combinations of goods and services. C) goods and services that the economy can produce. D) affordable and unaffordable combinations of production. E) attainable and unattainable combinations of goods and services.