One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
A) the price of the good changes.
B) the cost of producing the good changes.
C) prices of substitutes in production change.
D) supplier expectations about future prices change.
A
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Under a floating exchange rate, the exchange rate
A) is determined by the interaction of supply of the currency and demand for the currency. B) is controlled by central bank intervention. C) is pegged against the euro. D) will change whenever the price of gold changes.
Which of the following would increase the natural rate of unemployment?
A) an increase in the number of younger, less skilled workers in the economy B) a reduction in the generosity of unemployment insurance programs C) an increase in government-sponsored programs that train unemployed workers so they can find new jobs quickly D) restrictions on the ability of unions to negotiate wage changes with companies