Which of the following will be reduced during an expansionary monetary policy?
a. the return to saving
b. spending
c. borrowing
d. money supply
a. the return to saving
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Refer to the figure above. What is the change in total revenue due to a price increase from $3 to $5?
A) The total revenue increases by $100. B) The total revenue decreases by $100. C) The total revenue increases by $200. D) The total revenue decreases by $200.
Information technologies ________ the demand for low-skilled labor, increase the ________ high-skilled labor, lower the wage rate of ________ labor, and raise the wage rate of ________ labor
A) decrease; demand for; low-skilled; high-skilled B) decrease; supply of; low-skilled; high-skilled C) do not change; supply of; high-skilled; low-skilled D) do not change; demand for; high-skilled; low-skilled