According to evidence provided by the U.S. government, the median black
a. woman is paid roughly the same as the median white woman.
b. woman is paid roughly the same as the median black man.
c. man is paid 21 percent less than the median white man.
d. All of the above are correct.
c
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Assuming that hamburgers and hot dogs are substitutes, an increase in the price of hamburgers, other things being equal, results in a:
a. rightward shift in the demand curve for hot dogs. b. leftward shift in the demand curve for hamburgers. c. rightward shift in the demand curve for hamburgers. d. leftward shift in the demand curve for hot dogs.
In the presence of Regulation Q, when interest rates would rise, _____
a. the transaction demand for money in the economy would increase b. people would invest in the bond markets c. the economy would grow faster d. people would withdraw money from banks seeking higher interest rates elsewhere e. the U.S. dollar would depreciate