An increase in net exports will shift the:
A. aggregate expenditures curve upward and the aggregate demand curve rightward.
B. aggregate expenditures curve upward and the aggregate demand curve leftward.
C. aggregate expenditures curve downward and the aggregate demand curve rightward.
D. aggregate expenditures curve downward and the aggregate demand curve leftward.
A. aggregate expenditures curve upward and the aggregate demand curve rightward.
You might also like to view...
Suppose there is a semiskilled labor market and two different unskilled labor markets. Initially, all three markets are in competitive equilibrium. What would happen if the government imposed a minimum wage rate above the competitive equilibrium rate in one of the unskilled labor markets?
a. Wage rates will rise in all three markets. b. Wage rates will rise in both unskilled labor markets, but remain unchanged in the semiskilled labor sector. c. Wage rates will rise in the semiskilled labor market and in the unskilled labor market covered by the minimum wage, but fall in the other unskilled labor market. d. Wage rates will rise in the unskilled labor market covered by the minimum wage, remain unchanged in the other unskilled labor market, and fall in the semiskilled labor market. e. Wage rates will rise in the unskilled labor market covered by the minimum wage, but remain unchanged in the other two markets.
Hannah runs a manicuring shop. Currently, her shop provides 50 manicures per day, and the shop's daily total cost (TC) is $600. If Hannah decides to provide 25 more manicures per day, the total cost will rise by $75 per day. If Hannah does decide to increase production by this much, what will the shop's daily average total cost (ATC) be?
a. $12.00 b. $3.00 c. $8.00 d. $9.00 e. $13.50
A country may gain a temporary comparative advantage if it:
A. remains self-sufficient until it stockpiles enough inventory to supply the world. B. is the first to discover and implement a new technology or production process. C. remains a political ally to all. D. All of these are true.
Which of the following is not a valid explanation for the high unemployment rate among African American teens?
A. discrimination B. concentration in inner cities where job opportunities for less-skilled workers are inadequate C. lack of desire to work D. minimum wage law