As the dollar depreciates, the foreign price of United States goods _________________, ultimately shifting the United States AD curve _____________
A) rises; rightward
B) rises; leftward
C) falls; rightward
D) falls; leftward
C
You might also like to view...
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
During the period _____, the short-run Phillips curve for the United States was farthest from the origin
a. 1960 to 1964 b. 1964 to 1969 c. 1970 to 1973 d. 1974 to 1983 e. 1984 to 1989
Attempts to determine "what is" are part of __________ economics
A) positive B) normative C) positive and normative D) neither positive nor normative
A policy that results in slow and steady growth of the money supply is an example of
a. an "easy" monetary policy. b. a "passive" monetary policy. c. a "practical" monetary policy. d. an "active" monetary policy.