Which of the following would shift the domestic SAS curve down?
A. Finding a new, low-cost energy source tied to the country
B. Increasing unemployment insurance
C. Increasing wages
D. Reducing foreign wages
Answer: A
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In a given year, the inflation rate drops by 2 percentage points and annual output drops by 8 percent. In this case, what is the sacrifice ratio?
a. 2 b. 4 c. 6 d. 8
Foreign exchange market intervention involves the purchase or sale of currencies by governments to influence the market exchange rate.
Answer the following statement true (T) or false (F)
During 2008 in the United States, consumer confidence fell significantly. Which of the following will occur as a result of this reduction in consumer confidence?
A) The LM curve will shift up. B) The LM curve will shift down. C) The IS curve will shift rightward. D) The IS curve will shift leftward. E) The IS curve will shift rightward, and the LM curve will shift up.
Michael Jordan has more athletic ability than most individuals. Thus, he is more productive at most tasks involving physical skill. Explain why then, it is more efficient for Michael Jordan to pay someone else to mow his lawn
What will be an ideal response?