If labor supply and labor demand both increase, employment
a. and the real wage rate will both increase
b. will increase but the real wage rate will fall
c. will increase but the real wage rate will remain constant
d. and the real wage rate will remain constant
e. will increase but the effect on the real wage rate will depend on the magnitude of the shifts
E
Economics
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When considering imports and exports, economists include the ________ as a component of the GDP
A) net exports B) total imports C) gross exports D) total exports
Economics
If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
Economics