Americans, other than jewelers or rare coin collectors, were not allowed to own gold from the early 1930s until the
A) 1950s. B) 1960s. C) 1970s. D) 1980s.
C
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The___________is the principle that suppliers will normally offer more for sale at higher prices than lower prices.
a. law of supply b. law of demand c. law of inputs d. law of price
The figure above shows the U.S. demand for labor curve. If there is a simultaneous increase in the nominal wage rate of 10 percent and a 10 percent increase in the price level, there will be a
A) movement upward along the demand for labor curve from a point such as C to a point such as B. B) leftward shift of the demand for labor curve. C) movement downward along the demand for labor curve from a point such as A to a point such as B. D) rightward shift of the demand for labor curve. E) None of the above answers is correct because there is no change in the demand for labor curve.