Author Question: The supply of labor is defined as the relationship between the real wage rate and the A) amount ... (Read 70 times)

appyboo · **on:** Jun 30, 2018

The supply of labor is defined as the relationship between the real wage rate and the

A) amount of jobs supplied by firms.
B) quantity of labor supplied by households.
C) quantity of labor supplied by firms.
D) amount of jobs supplied by households.
E) equilibrium quantity of employment.

Question 2

Everything else equal, a depreciation of the dollar will:

A) cause the GDP of the U.S. to fall. B) cause the inflation rate in the U.S. to decrease.
C) cause the GDP of the U.S. to increase. D) cause the net exports of the U.S. to decrease.