As a result of a war in the country of Omega, refugees flee to the country of Alpha to seek employment. Holding other factors constant, the influx of refugees will ________ the real wage in Alpha and ________ employment in Alpha.

Union membership as a percentage of the civilian labor force is lower in the United States than in Germany or Japan

a. True b. False Indicate whether the statement is true or false

The impact of monetary policy on investment spending may be weakened ________.

A. because of the Treasury's desire for high interest rates B. if the investment demand curve shifts to the right during inflation and to the left during recession C. if the rate at which dollars are spent changes in the same direction as the money supply D. if the investment demand curve is very flat