-Refer to Figure 17

question 121

Multiple Choice

-Refer to Figure 17.2.If the supply of labor increases,then equilibrium wage will ________ and equilibrium quantity of hours will ________.

• A) rise; fall
• B) fall; fall
• C) rise; rise
• D) fall; rise

---

Definitions:

Currency Speculators

Investors who buy and sell foreign exchange with the aim of making a profit from changes in exchange rates, influencing currency values and economic conditions.

Spot Trade

A transaction for the immediate delivery of a currency, financial instrument, or commodity.

Business Days

Days of the week excluding weekends and public holidays when businesses and government offices are typically open.

Forward Trade

Agreement to exchange currency at some time in the future.