Increased productivity of workers in manufacturing has
A. increased employment in manufacturing.
B. increased employment in agriculture.
C. decreased employment in agriculture.
D. decreased employment in services.
E. increased employment in services.
Answer: E
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________ in the domestic interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
The long-run aggregate supply line is:
A. upward sloping. B. vertical at the economy's potential output. C. vertical at the economy's actual output. D. downward sloping.
Taking a limousine to a five star restaurant in New York is a:
A. necessity to both Joe Average and Donald Trump. B. necessity to Donald Trump but a luxury to Joe Average. C. want to both Joe Average and Donald Trump. D. want to Donald Trump and a luxury to Joe Average.
Aggregate supply is upward sloping in the
a. new classical model. b. classical model. c. monetarist model. d. real business cycle models. e. both a and c.