Use the international trade effect to explain why our aggregate demand curve is downward sloping
When the price level in the United States rises relative to the price level in other countries, American goods are more expensive for foreigners so they buy less while foreign goods are less expensive for Americans so they buy more of them. That is, U.S. exports decrease and imports increase so that when the price level in the U.S. increases, the aggregate quantity demanded in the U.S. decreases.
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In the above figure, point ________ shows an equal distribution of income, while point ________ shows an unequal distribution of income
A) a, b B) b, c C) b, a D) a, d
Time is primarily a __________ that can be measured in units
a. Value b. Goal c. Resource d. Decision device
Creative destruction
What will be an ideal response?
Money markets are where trades occur for:
A. short-term bonds issued by both governments and private companies. B. bonds of all maturities. C. stocks. D. derivatives.