Spending on goods from a country will ________ as the value of its currency gets cheaper against the U.S. dollar.
A. decrease
B. increase
C. reverse
D. go to other countries
Answer: B
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Suppose the price level is unchanged and real GDP rises. Then
A) nominal GDP must decrease. B) nominal GDP must remain unchanged. C) nominal GDP must increase. D) none of the above are true.
What is the expected revenue from developing the simplified software?
a. $4million b. $6million c. $8million d. $10million
The short-run macro model
a. is an attempt to explain why the economy tends to perform better in the short run than in the long run b. was developed during the Great Depression to explain the economy's continuing poor performance c. lost its popularity during the 1950s d. was developed during the early 19th century e. explains the forces that work to drive the economy to full employment
The government increases it purchases. The steeper the short-run aggregate supply curve, the ... will be the increase in the price level and the ... will be the increase in real GDP
What will be an ideal response?