During the Great Depression, the money supply fell 28%. During that same time, the monetary base ____ and the currency-to-deposit ratio and reserve-to-deposit ratios both _____

Lower tariffs and quotas cause a country's currency to ________ in the ________ run, everything else held constant

A) depreciate; short B) appreciate; short C) depreciate; long D) appreciate; long

A perfectly competitive firm will hire workers up to the quantity at which the wage rate equals the

A) marginal revenue product of labor. B) marginal factor cost of labor. C) price of the extra output produced. D) average physical product of labor.