Older workers are:
A. Much more likely to migrate than younger workers because older workers have lower moving costs
B. Much less likely to migrate than younger workers because older workers are more likely to have children at home
C. Much more likely to migrate than younger workers because older have lower implicit costs of migrating
D. Much more likely to migrate than younger workers because younger workers have stronger roots and ties to the local community
B. Much less likely to migrate than younger workers because older workers are more likely to have children at home
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According to the quantity theory of money, if an economy produces 100 units of output and has a money supply equal to $500, then if the money supply doubles while velocity remains constant, the new price level will:
a. fall to half its initial level. b. fall, but it will not fall all the way to half its initial level. c. increase, but it will not double. d. double. e. more than double.
A decrease in the value of money __________ the quantity of money demanded. On a graph with the value of money on the vertical axis this effect on the value of money on quantity demanded is shown as ____________
Fill in the blank(s) with correct word
If the exchange rate is 8 Moroccan dirhams per U.S. dollars, a crate of oranges costs 400 dirhams in the Moroccan capital of Rabat, and a similar crate of oranges in Miami sells for $55 dollars, then
a. the real exchange rate is greater than one and arbitrageurs could profit by buying oranges in the U.S. and selling them in Morocco. b. the real exchange rate is greater than one and arbitrageurs could profit by buying oranges in Morocco and selling them in the U.S. c. the real exchange rate is less than one and arbitrageurs could profit by buying oranges in the U.S. and selling them in Morocco. d. the real exchange rate is less than one and arbitrageurs could profit by buying oranges in Morocco and selling them in the U.S.
Aggregate demand will decrease when there are
A. decreases in government spending. B. increases in consumer and business confidence. C. increases in inflationary expectations. D. decreases in the price level.