Which of the following would NOT be a result of a contractionary monetary policy?
A. Interest rates would rise.
B. Imports would rise.
C. Net exports would decline.
D. Foreign goods would become more expensive to U.S. residents.
Answer: D
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A) linear B) vertical C) bowed out D) bowed in
If a group of professionals successfully lobby the government to require workers in their profession to have a license, the most likely result will be a(n)
a. reduction in the supply of such professionals and a decrease in their wage rate b. reduction in the demand for such professionals and an increase in their wage rate c. reduction in the supply of such professionals and an increase in their wage rate d. reduction in the demand for such professionals and a decrease in their wage rate e. increase in the demand for such professionals and an increase in their wage rate