Consider a labor market in equilibrium. If both demand curve and supply curve of labor shift to the right, then the number of workers hired in the market will:
A. increase.
B. decrease.
C. remain unchanged.
D. either increase or decrease or remain unchanged.
Answer: A
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By early 2010, which of the following situations existed in the Eurozone debtor nations?
A) They had resolved their bank failures and restored fiscal responsibility. B) They had sought and received help from the United States and the IMF to finance their financial sector bailouts. C) They were in worse shape as debt grew to alarming levels, external investors were worried, and their bond ratings plummeted. D) By that time, the debtor nations had repaid more than 90% of outstanding external debt
The United States has a balance of payments surplus with Europe. We would therefore expect the supply of euros to be __________ the demand for euros. Consequently, the euro should __________
A) less than; appreciate B) greater than; depreciate C) less than; depreciate D) greater than; appreciate