Reduced U.S. tastes for European goods would ____ the supply of euros and ____ the demand for euros.
a. decrease; increase
b. not change; increase.
c. increase; increase.
d. not change; decrease.
d
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A business executive who buys a portable computer so that she can work on airplanes is trying to reduce the cost of traveling
a. True b. False
In the United States during the 1960s, government spending dramatically increased to fight the Vietnam War, which resulted in:
a. demand-pull inflation. b. cost-push inflation. c. a disinflationary recession. d. stagflation.
More generous unemployment insurance would
a. raise structural unemployment. b. raise frictional unemployment. c. lower structural unemployment. d. lower frictional unemployment.
The horizontal sum of marginal cost curves (above AVC) of all the firms in an industry is the short-run industry supply curve.
Answer the following statement true (T) or false (F)