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In the Following Graph, QS1 and QS2 are the Supply

question 8

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In the following graph, QS1 and QS2 are the supply curves for labour and QD1 and QD2 are the demand curves for labour. Refer to the graph to answer the question. In the following graph, Q<sub>S1</sub> and Q<sub>S2 </sub>are the supply curves for labour and Q<sub>D1</sub> and Q<sub>D2</sub> are the demand curves for labour. Refer to the graph to answer the question.   When Q<sub>S1</sub> shifts to Q<sub>S2</sub> and Q<sub>D1</sub> shifts to Q<sub>D2</sub>, _____. A)  the supply of labour exceeds the demand for labour B)  the demand for labour exceeds the supply of labour C)  the quantity of labour demanded falls D)  the equilibrium quantity of labour remains constant When QS1 shifts to QS2 and QD1 shifts to QD2, _____.

Understand the role and appointment process of the Federal Reserve's Board of Governors.
Recognize the structure and purpose of the Federal Reserve System.
Grasp the concept of different monetary systems and their implications.
Understand the fundamentals of banking systems and their operational dynamics.

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