Other things remaining the same, which of the following is likely to decrease both the wage rate and the number of workers hired in a tea estate?
A) An increase in the price of tea
B) A decrease in the price of tea
C) A decrease in the opportunity cost of leisure
D) An increase in the opportunity cost of leisure
B
Economics
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The Fed has which of the following as its strongest control over the money supply?
a. interest rate changes b. the discount rate c. open market operations d. the required reserve rate
Economics
Based on the long-run Phillips curve, we can conclude that expected inflation plays:
A. a minor role in determining inflation. B. an uncertain role in determining inflation. C. an important role in determining inflation. D. no role in determining inflation.
Economics