The welfare rolls today are
A. much higher than they were in 1994.
B. A little higher than they were in 1994.
C. a little lower than they were in 1994.
D. much lower than they were in 1994.
D. much lower than they were in 1994.
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Other things constant, which of the following would tend to increase the demand for Disney World vacations?
A) A rise in the price of Hawaiian vacations (a substitute for Disney World) B) A rise in income, if Disney World vacationing is a normal good C) A fall in the price of air travel (a complementary good) D) New information that Disney World will raise its prices once the summer season is over E) All of the above.
Explain why there is an inverse relationship between wage inflation and unemployment as aggregate demand changes
If investors can cover themselves in the forward market, they will take advantage of interest rate differentials by:
a. buying assets (lending) denominated in the high-interest rate currency, and selling assets (borrowing) in the low-interest rate currency. b. removing funds from both investments. c. turning over their investment portfolio to an expert in one of the two nations. d. selling assets denominated in high-interest rate currency and buying assets in the low-interest rate currency.
In 2020, tornadoes damaged parts of the U.S. Midwest, destroying homes, businesses, schools, and infrastructure. In strictly economic terminology, these tornadoes are said to have caused
A. scarcity, because the damages made food and shelter scarce. B. tradeoffs, because some areas of the country were damaged when others were not. C. shortages, because supplies were cut off and goods were destroyed. D. scarcity, because some goods were difficult to get.