A Simple Macroeconomic Model Might Explain How an Increase in the Demand

question 5

Multiple Choice

A simple macroeconomic model might explain how an increase in the demand for new housing would lead to a decrease in the rate of unemployment.In such a model,which of these variables is likely to be exogenous?

• A)the quantity sold of home furnishings
• B)the degree of unionization of the construction industry
• C)the wage rate for unskilled workers
• D)the level of tax revenues
• E)the demand for concrete

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Definitions:

Clinical Manifestations

Observable signs or symptoms associated with a medical condition.

Dependence

A condition in which a person relies on a substance or activity for normal functioning or feels a compelling urge to use it.

Ventilation

The process of moving fresh air into and stale air out of a space to ensure adequate air quality.

Perfusion

The process of delivering blood to a capillary bed in the biological tissue, crucial for the delivery of oxygen and nutrients.