Between the years 1870 and 1920, what happened to the agricultural labor force?
(a) It nearly doubled in numbers but declined significantly in its share of the total labor force.
(b) It remained about the same in numbers and declined significantly as a percent of the total
labor force.
(c) It nearly doubled in numbers while remaining approximately the same percentage of the total labor force.
(d) It declined both in numbers and as a percent of the total labor force.
(a)
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Which of the following generates a demand for dollars in the foreign exchange market?
A. Travel by foreign visitors in the United States. B. Transfers of money by foreign workers in the United States to relatives abroad. C. Foreign aid given by the United States. D. U.S. military installations abroad.
If the average productivity of Canadian firms is rising more quickly than the average productivity of Indian firms, which of the following would you expect to see?
A) an increase in the value of the rupee relative to the dollar B) a decrease in the prices of Indian products C) a decrease in the quantity demanded of Indian products relative to Canadian products D) an increase in the quantity demanded of Indian products relative to Canadian products
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Government changes in interest rates to regulate the economy are part of:
A. monetary policy. B. fiscal policy. C. debt policy. D. liability policy.