In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ________
A) a movement up along the U.S. aggregate demand curve; decrease in U.S. exports to Europe
B) a decrease in U.S. exports to Europe; leftward shift in the U.S. aggregate demand curve
C) an increase in U.S. exports to Europe; movement up along the U.S. aggregate demand curve
D) a decrease in U.S. exports to Europe; a movement up along the U.S. aggregate demand curve
B
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Fill in the blank(s) with the correct words. Hint: along inside outside
a. Points ________ the production possibilities frontier are possible and efficient. b. Points ________ the production possibilities frontier are possible but not efficient. c. Points ________ the production possibilities frontier are not possible.
Define the term "export."
What will be an ideal response?
Which of the following most accurately indicates the implications of an economy's production possibilities curve?
a. If all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced. b. If all the resources of an economy are being used efficiently, it is generally possible to produce more of one good without having to sacrifice the production of other goods. c. Over time, it is generally impossible for a country to expand its production of goods. d. An economy will automatically move toward a point that lies outside of the production possibilities constraint unless proper government policy constrains production.
Input prices are fixed for a period of time and this causes firms to increase production as prices increase
a. True b. False Indicate whether the statement is true or false