One important consequence of migration is:
A. increased output in receiving countries.
B. remittances received by sending countries.
C. population growth in both countries.
D. demographic shifting in both countries.
B. remittances received by sending countries.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Suppose that an increase in aggregate demand causes an unplanned depletion in business inventories. Which of the following situations will result from this?
a. The economy moves up the short-run Phillips curve. b. The short-run Phillips curve shifts to the right. c. The short-run Phillips curve shifts to the left. d. The aggregate supply curve shifts to the left. e. The economy moves down the short-run Phillips curve.
A concentration ratio provides a better assessment of market power than the Herfindahl-Hirschman index does
a. True b. False Indicate whether the statement is true or false
Economists mostly agree that the Great Depression was principally caused by factors that shifted short-run aggregate supply left
a. True b. False Indicate whether the statement is true or false