Since Poland joined the European Union in 2004, many young and educated Poles have emigrated to the United Kingdom. As a result, the labor supply curve in the United Kingdom shifts to the right and the equilibrium wage rises
Indicate whether the statement is true or false
FALSE
You might also like to view...
The greater the MPC: a. the greater the fraction of an increase in AD due to an increase in government purchases that is consumption. b. the smaller the fraction of an increase in AD due to an increase in government purchases that is consumption. c. the greater the change in government purchases required to achieve a given change in AD
d. none of the above
When the Social Security system begins running a deficit, the bonds in the trust fund will be drawn down. The funds to redeem these bonds will have to come from
a. higher taxes, spending reductions in other programs, or additional government borrowing. b. the surplus funds deposited in governmental banking accounts. c. equity capital being liquidated. d. the sale of private equities and securities that the government has been purchasing with the funds.
You and your friends eat potato chips in your bedroom. For you and your friends, the potato chips are rival in consumption
a. True b. False Indicate whether the statement is true or false
An independently floating exchange rate is adjusted periodically at a fixed pronounced rate.
a. true b. false