When Mexico's exchange rate depreciated dramatically in 1994,
a. American exports to Mexico increased
b. American exports to Mexico declined
c. Mexican tourism to the U.S. increased
d. American tourism to Mexico decreased
e. Mexicans received more dollars for their peso
B
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Short-run equilibrium exists
A) where the AD curve intersects the short-run aggregate supply (SRAS) curve. B) where the AD curve intersects the long-run aggregate supply (LRAS) curve. C) on the AD curve only. D) on the SRAS curve only.
The demographic transition view of population and growth in DVCs is that:
A. The most important factor affecting population growth in DVCs are demographic changes among the elderly B. Slower population growth is neither desirable nor productive for DVCs given the state of the economies in these nations C. Reduced birthrates must come first in DVCs, and then higher per capita incomes will follow D. Higher per capita incomes must come first in DVCs, and then reduced birth rates will follow