German luxury car exports were hurt in 2009 as a result of the recession. How would this decrease in exports have affected Germany's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right.
B) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
C) The aggregate demand curve would have shifted to the left.
D) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve.
C
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Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. Kate decides to play the second game. Her probability of pulling out a green marble is:
A. 10 percent. B. 40 percent. C. 50 percent. D. 75 percent.
Many communities have granted monopoly rights to cable companies. This is an example of a monopoly created through: a. government licensing
b. ownership of the cable resources. c. patent protection. d. smart business practices by shrewd entrepreneurs.
An agreement among firms in a market about quantities to produce or prices to charge is called
a. collusion. b. Nash equilibrium c. dominant strategy. d. behavioral economics.
The U.S. money supply
A. does not grow from year to year. B. grows by about three percent from year to year. C. grows by about six percent from year to year. D. grows by varying amounts from year to year.