Which of the following is true?
a. Due to anti-employment discrimination legislation that was passed in the early 1960s, there was a large increase in the earnings of women relative to men in the 1960s and 1970s.
b. The female/male earnings ratio for full-time workers rose substantially between 1980 and 2010.
c. The number of women preparing for careers as professionals has declined during the last two decades.
d. In 2010, only about 42 percent of those completing college degrees were women.
B
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If M increases faster than V decreases: a. nominal GDP increases
b. nominal GDP decreases. c. nominal GDP stays the same. d. there is an indeterminate effect on nominal GDP.
The aggregate supply curve slopes upward because firms
a. seek to maximize profits and output. b. normally can purchase inputs at fixed prices. c. employ technology, which is always fixed. d. purchase inputs whose prices rise as output rises.