If the price of the dollar changes from 135 Japanese yen to 127 Japanese yen, the dollar has
A. appreciated.
B. depreciated.
C. stayed the same.
D. none of these.
Answer: B
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According to the above figure, then the supply curve will
A) shift from S1 to S2. B) shift from S2 to S1. C) remain at S1. D) shift either to the left or the right, but it is impossible to say without more information.
Supply-side economic policies are designed to shift the aggregate supply curve to the left, whereas Keynesian economic policies focus on shifting the aggregate demand curve to the right during recessions and to the left during economic expansions
a. True b. False Indicate whether the statement is true or false
When the price level falls the quantity of
a. consumption goods demanded rises, while the quantity of net exports demanded falls. b. consumption goods demanded and the quantity of net exports demanded both rise. c. consumption goods demanded and the quantity of net exports demanded both fall. d. consumption goods demanded falls, while the quantity of net exports demand rises.
Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained:
A. by small annual increases in supply accompanied by large annual increases in demand. B. in terms of a stable supply curve and increasing demand. C. in terms of a stable demand curve and increasing supply. D. as an exception to the law of supply.