According to this Application, the decline in population caused by the Black Death resulted in ________ real wages and ________ total output.
A) lower; less B) lower; more C) higher; more D) higher; less
Question 2
An international financial crisis is
A) when a major bank defaults.
B) the rapid withdrawal of foreign investments and loans from a nation.
C) when at least one developing country defaults on its loans.
D) when a world leader is deposed from office.