When economic activity abroad is increasing
A. the U.S. inflation rate tends to rise.
B. U.S. exports tend to decrease.
C. the U.S. inflation rate tends to fall.
D. U.S. exports tend to increase.
Answer: D
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At a long-run equilibrium in monopolistic competition, price equals
A) average total cost. B) marginal cost but not marginal revenue. C) marginal revenue but not marginal cost. D) zero. E) marginal revenue and marginal cost.
If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is there a movement along the LAS curve or the SAS curve?
What will be an ideal response?
Adverse selection and moral hazard are examples of:
A) transaction costs B) information cost C) symmetric information D) financial market efficiency
A decrease in demand will:
a. reduce total revenue b. increase total revenue. c. increase total revenue only if demand is inelastic. d. increase total revenue only if demand is elastic.