The effect of an increase in aggregate supply is a(n):
a. increase in the general level of prices and a decrease in real output.
b. increase in the general level of prices and an increase in real output.
c. decrease in the general level of prices and a decrease in real output.
d. decrease in the general level of prices and an increase in real output.
d
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Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in exports coupled with a decline in imports b. a slower inflation rate than those of its trading partners c. lower domestic real interest rates d. lower real interest rates abroad
Evidence of discrimination in labor markets
a. applies only to race and gender. b. is conclusively identified by large differences in average wages rates between men and women. c. is difficult to verify by reference to differences in average wage rates. d. is more easily identified on the basis of race than gender.