There is no possible economic relationship between the birth rate and the availability of arable land
Indicate whether the statement is true or false
False
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If the dollar to euro exchange rate moves from 1.1 to 0.9 dollars per euro, then the dollar has ________ and the euro has ________
A) appreciated; depreciated B) appreciated; appreciated C) depreciated; depreciated D) depreciated; appreciated
Suppose that the government passes a law requiring households to increase savings 10% above previous levels. According to Solow's growth theory, in the short run
A) output per capita grows more rapidly. B) output per capita grows at the constant steady state rate, n. C) output per capita stays constant. D) None of the above.
Suppose that Nepal invests less in new factories and equipment than does the United States. This will likely cause:
A. The U.S.'s production possibilities curve to shift inward faster than Nepal's. B. The U.S.'s production possibilities curve to shift outward faster than Nepal's. C. Nepal's production possibilities curve to shift inward faster than the U.S.'s. D. Nepal's production possibilities curve to shift outward faster than the U.S.'s.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.