Which of the following will lead to a rightward shift in the U.S. SRAS curve?
A) an increase in foreign input prices
B) an appreciation of the dollar
C) a depreciation of the dollar
D) a and b
E) none of the above
B
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During normal times, discretionary fiscal policy
A) is probably not very effective in influencing real GDP due to time lags. B) is more effective in influencing real GDP than automatic stabilizers. C) works well because there are no lag problems in influencing real GDP. D) is more effective in influencing real GDP than at times of a recession.
Explain what change will bring a movement along a curve
What will be an ideal response?
If two goods, J and K, are complements, then which of the following statements is FALSE?
A) They are consumed together. B) An increase in the price of J causes the demand for K to rise. C) When the quantity demanded of J increases, the demand for K increases. D) A decrease in the price of K causes an increase in the demand for J.
If Bank A sells a $100,000 U.S. Treasury bond to the Fed, Bank A's excess reserves will:
A. increase by $100,000. B. increase by less than $100,000. C. not change. D. decrease by less than $100,000.