Equilibrium quantity is _____.
Fill in the blank(s) with the appropriate word(s).
40
Economics
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If, in 2000, $1 = 1.5 euros, and in 2007, $1 = 0.9 euros, which of the following statements would be TRUE?
a. More American tourists will find it cheaper to travel to Europe. b. More Europeans will stay home as visits to the United States become more expensive. c. Europeans will import fewer products from the United States. d. Americans will import fewer products from Europe.
Economics
People complain that inflation increases the cost of goods and services and therefore reduces their purchasing power. If inflation and income grow at the same rate, is this complaint valid? Explain carefully
What will be an ideal response?
Economics