The low point of the Great Depression was reached in the year
A. 1929.
B. 1931.
C. 1933.
D. 1935.
C. 1933.
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Which of the following is NOT a result of a permanent fall in foreign demand on one country's exports under floating exchange rate?
A) The DD curve shifts to the left due to reduction of aggregate demand. B) The AA curve shifts upwards due to the increased expected long-run exchange rate. C) a reduction in output by a smaller degree compared to temporary fall in demand D) depreciation in home country's currency E) a raised level of unemployment
The net export component of aggregate demand is defined as U.S
a. imports minus U.S. exports. b. imports plus U.S. exports. c. exports minus U.S. imports. d. exports minus taxes and customs duties.
What is known as the set of firms that facilitate the movement of goods from producers to consumers?
A. Supply chain B. Product chain C. Distribution channel D. Marketing mix
For which situation would we expect the adjustment speed to be the fastest?
A. The demand for surgeons increases. B. A large increase in birth rates leads to an increase in elementary school teachers. C. The demand for office space in downtown Chicago increases. D. The demand for movie videos increases.