In the short-run, a tax increase
A) shifts the DD curve to the right, increases output and appreciates the currency.
B) shifts the AA curve to the left, increases output and depreciates the currency.
C) shifts the AA curve to the left, decreases output and depreciates the currency.
D) shifts the AA curve to the left, increases output and appreciates the currency.
E) shifts the DD curve to the left, decreases output and depreciates the currency.
E
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Refer to Figure 4.8. How many different Nash equilibrium points are there in this game?
A) 0 B) 1 C) 2 D) 3
What does it mean when the dollar appreciates? What does it mean when the dollar depreciates?
What will be an ideal response?
How do we measure economic growth?
a. Increases in the price level, as indicated by the GDP chain price index. b. Increases in nominal GDP. c. Increases in real GDP. d. Increases in the labor force.
One benefit of low inflation is that it _____ the variability of relative price changes. Therefore, resources are _____ likely to be better allocated
Fill in the blank(s) with correct word