An autonomous appreciation of the U.S. dollar makes American goods ________ expensive relative to foreign goods which ________ net exports in the U.S
A) less; decreases
B) less; increases
C) more; decreases
D) more; increases
C
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________ increases with education, training, and job experience
i. Physical capital ii. Human capital iii. Financial capital A) i only B) ii only C) iii only D) both ii and iii E) i, ii, and iii
If equilibrium is present in a market,
a. quantity demanded exceeds quantity supplied. b. quantity demanded equals quantity supplied. c. quantity supplied exceeds quantity demanded. d. the price of the product will tend to rise.
For a country in recession
A. an increase in exports will increase aggregate demand and output B. an decrease in exports will increase aggregate demand and output C. an increase in imports will increase aggregate demand and output D. none of the above
Which one of the following does NOT explain why the aggregate demand curve is downward sloping?
A. The real balances effect B. The entropy effect C. The foreign purchases effect D. The interest rate effect