A shift in tastes toward American goods ________ net exports in the U.S. and causes the IS curve to shift to the ________ in the U.S., everything else held constant
A) decreases; right
B) decreases; left
C) increases; right
D) increases; left
C
You might also like to view...
According to the U.S. National Safety Council, a person has a better chance of being killed in which of the following situations?
A) in an aircraft accident B) from being electrocuted C) while riding a bicycle D) while walking
A perfectly competitive firm breaks even at a price equal to its minimum average total cost
Indicate whether the statement is true or false
A Chinese person reads The China Financial Times and notes that the exchange rate, dollars per yuan, is 9 . An American reading The Wall Street Journal sees the same rate expressed in yuans per dollar and it is
a. 9 b. 0.90 c. 90 d. 0.11 e. 0.09
The price of furniture in the United States began to fall in the late 1990s while other prices in the economy rose primarily because
A. employment in the U.S. furniture industry rose significantly. B. the United States had placed high tariffs on imported furniture. C. there were technological advances in the production of furniture. D. furniture imports to the United States began to rise dramatically.