Which of the following activities, ceteris paribus, will cause increased demand for euros?
a. Disney World lowers its ticket prices.
b. The winter Olympic games are held in Italy.
c. German residents purchase stock in American Airlines.
d. U.S. interest rates rise compared to European interest rates.
b. The winter Olympic games are held in Italy.
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According to the new classical model,
a. anticipated declines in aggregate demand would move output and employment below the full-employment levels. b. announced declines in aggregate demand do not change output and employment above the full-employment levels. c. anticipated declines in aggregate supply would only put employment below the full-employment level. d. unanticipated declines in aggregate demand would cause output and employment to fall below the full-employment levels. e. both c and d.
If Happy Cows, a milk producer, purchases a dairy farm, this is an example of _______
A) backward integration B) forward integration C) divestiture D) outsourcing
Voters may be rationally ignorant about political issues because they:
a. don't realize how much they benefit from voting b. underestimate the effect of their one vote c. believe that the cost of gaining the information is greater than the benefit of having the information d. all of the above
Suppose technology advances within a nation. Which curves in the aggregate demand and aggregate supply model would be affected, and which way would they shift?