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Author Question: In the above figure, the equilibrium level of labor is A) 100 billion hours. B) 150 billion ... (Read 38 times)

lilldybug07

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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

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Answer to Question 1

B

Answer to Question 2

A





 

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