The aggregate demand curve slopes downward because of
a. the real wealth effect, the interest rate effect, and the price level effect
b. the real wealth effect, the money supply effect, and the international trade effect
c. the interest rate effect, the international trade effect, and the real GDP effect
d. the real wealth effect, the interest rate effect, and the international trade effect
e. the real wealth effect, the interest rate effect, and the net export effect
D
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If the dollar depreciates against the yen, U.S. goods sold in ________ would become less expensive and Japanese goods sold in ________ would become more expensive
A) the United States; the United States B) Japan; Japan C) the United States; Japan D) Japan; the United States
The major factor contributing to the depreciation of the dollar in 2007-2008 was:
A) higher U.S. interest rates resulting in lower capital outflows. B) lower U.S. interest rates resulting in higher capital outflows. C) higher U.S. interest rates resulting in higher capital outflows. D) lower U.S. interest rates resulting in lower capital outflows.
One reason that insurance companies must regularly deal with imperfect information is because:
a. customers routinely hide information that might embarrass them. b. the mix of individual and corporate customers is inherently imperfect. c. it is impossible to predict future events with certainty. d. they routinely sell many different types of insurance products.
How is a cheeseburger classified?
a) excludable and rival in consumption b) excludable and nonrival in consumption c) nonexcludable and rival in consumption d) nonexcludable and nonrival in consumption