An economic boom in the United States would cause the aggregate demand curve in other countries to shift outward
a. True
b. False
Indicate whether the statement is true or false
True
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The national debt is unlikely to cause national bankruptcy because the federal government can:
a. raise taxes. b. print money. c. refinance its debt. d. all of these.
Aggregate demand does not include: a. Purchases of intermediate goods and final goods
b. Purchases of used goods and services. c. Purchases of stocks and bonds. d. Aggregate demand does not include any of the above.
The aggregate production function is the
a. relationship between the amount of labor employed in the economy and the total amount of output produced b. relationship between available labor and the total amount of output produced c. the relationship between land and capital and labor employed in the economy d. long-run equilibrium of the macroeconomy e. amount of output any worker can produce given existing land and capital constraints
The annual rate of inflation is
a. a change in real income of workers from one year to the next. b. the percentage change in the general level of prices from one year to the next. c. the increase in the purchasing power of the dollar from one year to the next. d. the percentage increase in the total value of the goods and services produced from one year to the next.