In the market for euros, a decrease in U.S. imports from Europe tends to
A. increase excess demand.
B. decrease equilibrium price.
C. cause no change in equilibrium price.
D. increase equilibrium price.
Answer: B
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To evaluate the size of the federal budget deficit or surplus over time, it would be best to look at the
A) budget deficit or surplus as a percentage of tax revenues. B) budget deficit or surplus as a percentage of government spending. C) absolute size of the budget deficit or surplus. D) budget deficit or surplus as a percentage of GDP.
Reduced military spending shifts the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
The long-run aggregate supply curve shifts to the left if there is a decrease in immigration
a. True b. False Indicate whether the statement is true or false
Jobs lost to outsourcing can be partially offset by jobs gained from:
A. higher production costs. B. higher opportunity costs. C. greater trade imbalances. D. increased output from another industry.