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
A Splash of Color in a Frozen World of White
New Yorkers flee from the dust caused by the collapse of the twin towers of the World Trade Center f
World War II Pacific Theater
Young children typically are boundlessly curious about the world around them.
Apply the body wrap substance to the back with long, smooth strokes, covering the area thoroughly.
World Deserts