Suppose the economy was initially in a long-run equilibrium. Then the world economy expands so that foreign incomes rise. U.S. aggregate demand ________ and eventually the money wage rate ________.
A) increases; rises
B) increases; falls
C) decreases; rises
D) decreases; falls
Question 2
The figure above gives your budget line for magazine and CDs per month. Given that your income equals 60 per month, what is your real income in terms of magazines?
A) 12 magazines
B) 6 magazines
C) 2 magazines
D) 60/month
teach their children to care for the earth in hopes of passing on a better world to future generatio
Parabola Real World Example
Long-term Potentiation in the granule cell layer of the rat hippocampal dentate gyrus. (Traces ...
Chronic Hunger Is Prevalent throughout the World
World Mean Sea-Level Temperatures in July
Suppose a country imports televisions. The country's supply and demand curves are shown in ...