When the dollar depreciates, the prices of imported inputs
A. fall and aggregate supply shifts outward.
B. fall and aggregate supply shifts inward.
C. rise and aggregate supply shifts outward.
D. rise and aggregate supply shifts inward.
Answer: D
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Using the above figure, which of the following is CORRECT?
A) 1 guilder will sell for $2. B) 1 dollar will sell for 1/2 guilder. C) A shortage of guilders exists at an exchange rate above $0.60. D) A surplus of guilders exists at an exchange rate above $0.60.
According to the graph shown, if the market is in equilibrium, producer surplus is:
A. $30.
B. $20.
C. $50.
D. $60.
Economists are often required to make unrealistic assumptions concerning the problems they are investigating
a. True b. False Indicate whether the statement is true or false
In 1944 the U.S. economy was temporarily operating at point _________.
A. A
B. B
C. C
D. D