The Iranian Revolution in 1979 led to another interruption of oil supplies to the United States. This caused the reoccurrence of

Suppose the following two events occur in the domestic market for radiologists:

a. Some hospitals are outsourcing some radiology services such as reading x-rays. b. Some medical schools have closed down their radiology departments as fewer students enroll in this field. What is likely to happen to the equilibrium wage and quantity of radiologists following these two events? A) The equilibrium wage falls and the effect on equilibrium quantity of radiologists is indeterminate. B) The equilibrium wage and the equilibrium quantity of radiologists fall. C) The equilibrium wage and the equilibrium quantity of radiologists rise. D) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.

Macroeconomic policy is:

A. limited the most under fixed exchange rates. B. limited the most under flexible exchange rates. C. not affected by the choice of an exchange rate system. D. limited the most under partially-flexible exchange rates.