Workforce quality arguments are very difficult to prove for the period of 1970–1990 because during that period SAT scores
A. and graduation rates increased.
B. increased and graduation rates decreased.
C. and school attendance rates decreased.
D. decreased and school attendance rates increased.
Answer: D
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Which of the following is NOT one of the determinants of the gains of adopting a single currency?
A) A well-synchronized business cycle involving all member countries B) The possibility of factors of production to freely move across borders C) The willingness and ability of member countries to design policies to address regional imbalances that may develop D) Widening the common market by allowing other countries to join E) None of the above.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.