To increase income by 120 when the slope of the curve showing the relationship between your income and work hours is 8, how many extra hours will you need to work?
A) 8 B) 15 C) 112 D) 960
Question 2
An indirect effect of monetary policy is that as the money supply
A) increases, interest rates fall, and borrowing and spending increase.
B) increases, interest rates rise, and borrowing and spending decrease.
C) decreases, interest rates rise, and borrowing and spending increase.
D) decreases, interest rates fall, and borrowing and spending increase.
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