Federal subsidies to higher education have the effect of
a. increasing the demand for higher education
b. increasing the supply of higher education
c. decreasing the demand for higher education
d. decreasing the supply of higher education
A
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How big is the labor force? # of employment 800 # of unemployment 200 Not in labor force
A. 250 B. 800 C. 1000 D. 1050 E. 850
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
The net decline in a country's stock of international reserves over a year is called a(n):
A. trade deficit. B. balance-of-payments surplus. C. balance-of-payments deficit. D. trade surplus.
The deflation of the 1930s impacted the U.S. economy because it led some consumers to ________ and because it ________
A) demand higher wages in anticipation of prices eventually rising again; increased manufacturing since firms could afford to hire more labor B) increase purchases to take advantage of the falling prices; increased the burden on lenders C) postpone purchases while they waited for prices to fall even lower; increased the burden on borrowers D) borrow more money since money was now cheap; reduced the amount of money consumers would have to pay back on their outstanding loans