It is referred to as unskilled labor.
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Answer:
The correct answer is option a.
Explanation:
If foreigners find US goods and services more desirable, they will demand more of these goods and services. The price level will increase. The domestic firms will start producing more to earn higher revenue and profits. The output level will increase.
To offset this increase in output the government will decrease money supply in the economy. To do so the government can adopt several measures. Government can adopt contractionary monetary or fiscal policy. Government can reduce money supply by reducing purchases.
The answer is under $25,000
its not b. the periods net income to be understated
