Refer to the diagrams, in which AD 1 and AS 1 are the"before" curves and AD 2 and AS 2 are the "after" curves. Other things equal, a decline in net exports caused by a change in incomes abroad is depicted by:
A. panel (A) only.
B. panel (B) only.
C. panel (C) only.
D. panels (B) and (C).
A. panel (A) only.
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Nearly _____________ of the world's people have never made a phone call.
Fill in the blank(s) with the appropriate word(s).
In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is unchanged. b. inventory is depleted. c. employment increases. d. GDP decreases.
In general, with a monopolist's outcome:
A. deadweight loss occurs. B. consumers lose surplus. C. monopolies earn profit. D. All of these statements are true.
When tax code changes reduce investment incentives, the _____ for loanable funds curve shifts to the _____. This results in a(n) _____ in the interest rate and a(n) _____ in investment
Fill in the blank(s) with correct word