A higher domestic price level should
A) decrease net exports.
B) increase desired investment.
C) increase real wealth and consumption.
D) none of these.
A
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Refer to the graph shown. A firm can produce the same amount of output at points:
A. B and C. B. E and C. C. A and C. D. A and B.
Which of the following statements is CORRECT?
a) actual aggregate expenditures does not always equal real GDP b) planned investment exceeds actual investment when real GDP is greater than aggregate planned expenditures c) actual investment exceeds planned investment when real GDP is less than aggregate planned expenditures d) none of the above is correct
When does an externality occur?
a. when one person's production or consumption of a good affects another person b. when a producers long-run average costs fall c. when a consumer's marginal utility from consuming a good increases d. when international trade leads to improvement in a country's economic welfare
A price-discriminating monopoly charges
A) the same price to every buyer for the same product. B) a different price to different types of buyers for the same product, even though there are no differences in costs. C) a different price to different buyers, because the costs are different. D) different prices to buyers for different products. E) each customer a price that equals the marginal cost of serving that customer.