The Demand for Gold Increases,other Things Equal,when

question 86

Multiple Choice

The demand for gold increases,other things equal,when

• A)the market for silver becomes more liquid.
• B)interest rates are expected to rise.
• C)interest rates are expected to fall.
• D)real estate prices are expected to increase.

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Definitions:

Equilibrium Level

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Unemployment

The condition of being without a job, while actively looking for one and being willing to work.

Minimum-wage Laws

Legislation that sets the lowest hourly wage rate that can be paid to workers, intended to protect employees from unduly low pay.

Labor Force

The total number of people employed and unemployed, actively seeking work in an economy.