How can changes over time of the average height of the people in a country help to indicate the standard of living in a country?
What will be an ideal response?
A person's height partly relies on nutritional status, which depends on a person's food intake relative to the work the person has to perform, whether the person is able to remain warm in cold weather, and the diseases to which the person is exposed. Height, then, can be used as a measure of health and well-being, and therefore a measure of the standard of living.
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Demand-pull inflation persists because of
A) continuing increases in government expenditures. B) continuing increases in the quantity of money. C) continuing increases in the real wage rate. D) continuing decreases in the money wage rate. E) continuing increases in aggregate supply.
To say that "supply increases" for any reason, means there is a
A) movement rightward along a supply curve. B) movement leftward along a supply curve. C) shift rightward in the supply curve. D) shift leftward in the supply curve.
The national debt must be paid back in the future
a. True b. False
Which of the following could increase the supply of dollars in the foreign exchange market?
a. a lower inflation rate in foreign countries than in the U.S. b. lower interest rates in foreign countries than in the U.S. c. higher prices in the United States d. a depreciation of other currencies e. an appreciation of the dollar