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Author Question: In the above figure, the equilibrium level of labor is A) 100 billion hours. B) 150 billion ... (Read 49 times)

lilldybug07

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


lilldybug07

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Reply #2 on: Jun 29, 2018
Thank you :)


blfontai

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Reply #3 on: Jun 29, 2018
Happy to help you


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