Most of the migration in the world involves people who are moving from countries with relatively ____ GDP per capita to countries with relatively _____ GDP per capita.
a. high; low
b. low; low
c. low; high
d. high; high
c. low; high
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Describe the effects of the Smoot-Hawley tariff imposed by the United States in 1930
What will be an ideal response?
Most economists believe that a zero rate of unemployment
A) is obtainable with the correct monetary policy. B) would result in a better functioning economy. C) is inconsistent with a well-functioning economy. D) is obtainable only if the inflation rate is also zero.
The real wealth and the real interest rate effects are both causes of the downward slope of the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
The terms rational expectations and adaptive expectations are two different names for the same concept
Indicate whether the statement is true or false