In order to shift a long-term aggregate supply curve to the right: (a) inflation must diminish; (b) the growth rate of productivity must fall; (c) a determinant of aggregate supply, like the quality of the capital stock, must improve; (d) immigration must be cut off.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.

What are ways individuals may reduce their total education and training costs?

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)