If airfares to Europe were to increase, other things equal, an economist would predict that:
a. most people will not change their travel and vacation plans

b. more individuals will choose to fly to Europe because now it is a more valuable experience.
c. some individuals will substitute toward other travel destinations.
d. airlines will make significantly greater profits.


c

Economics

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You are an economic advisor to the president. You are asked to recommend a policy to promote long-term economic growth in the economy. Which of the following policies would you choose?

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As people come to expect higher inflation, the long-run Phillips curve shifts leftward

a. True b. False Indicate whether the statement is true or false

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The labor force participation rate of women in the United States has been

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Economics

At high levels of interest, borrowers will borrow ____ and suppliers will supply ____.

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Economics