1. Everything else? equal, when domestic currency appreciates against a foreign? currency:
A. the nominal exchange rate goes up. B. there is no change in the real exchange rate. C. there is no change in the nominal exchange rate. D. the nominal exchange rate goes down
2. Contractionary fiscal policy leads to a? ________.
A. leftward shift of the labor supply curve B. rightward shift of the labor supply curve C. leftward shift of the labor demand curve D. rightward shift of the labor demand curve
3. Which of the following factors of production is least likely to show diminishing marginal? product?
A. Land B. Capital C. Technology D. Labor