If Mexico experiences a period of stable prices while the United States experiences rapid inflation, what will happen in the United States?
a. an increase in U.S. imports
b. an increase in U.S. exports
c. a decrease in U.S. imports
d. an increase in U.S. net exports
a
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In the above figure, a negative relationship is demonstrated in which of the graphs?
A) Figure A B) Figure B C) Figure C D) Figure D
In the Stackelberg model, there is an advantage
A) to waiting until your competitor has committed herself to a particular output level before deciding on your output level. B) to being the first competitor to commit to an output level. C) to the firm with a dominant strategy. D) to producing an output level which is identical to a monopolist's output level.
Which of the following qualify as part of our economy's capital income?
a. wages paid to workers b. interest paid to the owners of corporate bonds c. rent paid on farmland d. All of the above are correct.
Figure 10-1
If the price level in Figure 10-1 were 110,
a.
inventories would be accumulating.
b.
firms would have to lower their prices.
c.
aggregate quantity demanded would equal aggregate quantity supplied.
d.
shortages of goods would exist.