Suppose the goal of a union is to maximize the total income of all workers it represents. In this case it will probably aim for a wage at which the elasticity of demand for workers is

Suppose that in Mysore, the reserve—deposit ratio is

res = 0.5 - 2 i, where i is the nominal interest rate. The currency—deposit ratio is 0.2 and the monetary base equals 100. The real quantity of money demanded is given by the money demand function L(Y, i) = 0.5Y - 10i, where Y is real output. Currently, the real interest rate is 5% and the economy expects an inflation rate of 5%. The money multiplier equals A) 2.00. B) 2.40. C) 3.00. D) 4.00.

A decrease in the value of the U.S dollar will tend to cause, other things the same ________

A) an increase in the volume of U.S. imports B) an increase in the volume of U.S exports and an increase in U.S. income C) an increase in the volume of U.S. exports and a decrease in U.S. income D) a decrease in U.S. income