Slower real wage growth in the U.S. since the 1970s accompanied by rapid job growth, can be explained by:
A. skill-biased technological change.
B. a productivity slowdown accompanied by a decrease in the labor supply.
C. globalization.
D. a productivity slowdown accompanied by an increase in the labor supply.
Answer: D
Economics
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Modern bankers
a. expand the money supply by printing currency when they need it. b. decrease the supply of money when they extend additional loans. c. hold only a fraction of their assets in the form of reserves against their deposits. d. can increase their profits by increasing their holdings of excess reserves.
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