An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles?
a. domestic sales of HD motorcycles increase and foreign sales of HD motorcycles increase
b. domestic sales of HD motorcycles decrease and foreign sales of HD motorcycles increase
c. domestic sales of HD motorcycles increase and foreign sales of HD motorcycles decrease
d. domestic sales of HD motorcycles decrease and foreign sales of HD motorcycles decrease
e. only manufacturers who produce traded goods are affected
d
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Exhibit 8-6 Consumption function
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In Exhibit 8-6, the level of autonomous consumption is:
A. $100. B. $150. C. $50. D. $0.
Assume the market in the graph shown with demand D and supply S1 is in equilibrium at a quantity of 5 units. Consumer surplus is:
A. $45. B. $9. C. $10. D. $5.
If a firm sells 10 units of output at $100 per unit and 11 units of output when price is reduced to $98, its marginal revenue for the last unit sold is
A. $2. B. $89. C. $10. D. $78.
Explain how each of the following events would affect the aggregate demand curve
a. Lower interest rates b. A decrease in net exports c. A decrease in the price level d. Slower income growth in other countries e. A decrease in imports