A fall in the real exchange rate (appreciation) will decrease the trade balance in the short run and cause a(n) ___ of the total demand curve.
a. downward shift
b. increase in the slope
c. upward shift
d. decrease in the slope
Ans: a. downward shift
Economics
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A) the unemployment rate. B) interest rates. C) the price level. D) real GDP.
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The life-cycle hypothesis predicts there to be a rather ________ short-run multiplier and thus a rather ________ private economy
A) low, unstable B) low, stable C) high, unstable D) high, stable
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Which of the following is correct?
A) AFC = TC/Q - TVC/Q B) AVC = TVC - AFC C) TC = AVC?Q D) MC = TC - TVC
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The minimum wage is a
A. price ceiling. B. cost ceiling. C. positive externality. D. price floor.
Economics