Refer to the diagram. If U.S. consumers increase their travel to eurozone nations, we would expect:
A. the demand for euros to increase and the euro to appreciate.
B. the demand for euros to increase and the dollar to appreciate.
C. the supply of euros to increase and the euro to depreciate.
D. the supply of euros to decrease and the dollar to depreciate.
A. the demand for euros to increase and the euro to appreciate.
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Over the course of recent years, the college premium has ________
A) remained essentially unchanged B) risen C) fallen D) excluded civilians from calculations of the labor force
A slump in one industry could increase the relative attractiveness of another industry:
A. increasing the quantity of labor supplied in the latter. B. decreasing the quantity of labor supplied in the latter. C. increasing the quantity of labor demanded in the latter. D. decreasing the quantity of labor demanded in the latter.
The main reason that the 1975, 2008, and 2009 tax cuts did not have a large effect on GDP is that they were
a. temporary surcharges rather than permanent surcharges. b. permanent surcharges rather than temporary surcharges. c. temporary tax cuts rather than a permanent tax cuts. d. permanent tax cuts rather than a temporary tax cuts.
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.