If the U.S. were to impose import quotas
a. the demand for loanable funds and the demand for dollars in the market for foreign-currency exchange would both increase.
b. nether the demand for loanable funds nor the demand for dollars in the market for foreign-currency exchange would increase.
c. the demand for loanable funds would increase, but the demand for dollars in the market for foreign-currency exchange would not.
d. the demand for dollars in the market for foreign-currency exchange would increase, but the demand for loanable funds would not.
d
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We observe the duration of unemployment falling and wage rates rising. It is likely that
A) the government has initiated expansionary fiscal policy but the policies haven't taken effect yet. B) summer has arrived. C) aggregate supply has increased. D) aggregate demand has increased.
The process by which union and management representatives negotiate a mutually agreeable contract specifying wages, benefits, and working conditions is called
a. collective bargaining b. mediation c. arbitration d. striking e. litigation