The money market achieves equilibrium when
a. individuals no longer want to spend their money
b. the price of bonds rises by an appropriate amount
c. buyers and sellers agree on a price for commodities
d. speculative balances are reduced to a minimum
e. individuals who hold bonds are satisfied with what they are holding
E
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An increase in the foreign interest rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
A craft labor union is made up of
A) groups of workers in an individual trade. B) all the workers in a firm such as General Motors. C) firms that employ similar labor skills. D) an organization that controls the labor market in a particular industry.