Which of the following led to an introduction of a new currency in Argentina in the mid 1980s?

When the Fed buys government securities, ________ and the money supply ________

A) e rises, falls B) e falls, rises C) c rises, falls D) c falls, rises E) H rises, rises

The backward-bending supply curve for labor shows how an increase in wages affects the number of hours worked. The “backward bend” is the part of the curve that shows that some people:

a. have no flexibility in the number of hours they work. b. work more hours when income rises. c. work more hours when income falls. d. work fewer hours when income rises.