[Answered] In the above figure, the equilibrium level of labor is A) 100 billion hours. B) 150 billion ...

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Author Question: In the above figure, the equilibrium level of labor is A) 100 billion hours. B) 150 billion ... (Read 24 times)

lilldybug07

Hero Member
Posts: 546

on: Jun 29, 2018

In the above figure, the equilibrium level of labor is

A) 100 billion hours.
B) 150 billion hours.
C) 200 billion hours.
D) none of the above

Question 2

If the exchange rate is above equilibrium, there will be ________ in the foreign exchange market.

A) a surplus
B) a shortage
C) a decrease in the demand for domestic currency
D) an increase in the demand for domestic currency

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blfontai

Sr. Member
Posts: 327

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

A

lilldybug07

Hero Member
Posts: 546

Reply #2 on: Jun 29, 2018

Thank you

blfontai

Sr. Member
Posts: 327

Reply #3 on: Jun 29, 2018

Happy to help you

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Author Question: In the above figure, the equilibrium level of labor is A) 100 billion hours. B) 150 billion ... (Read 24 times)

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