Which of the following is not a direct determinant of net export spending?
A. Domestic income.
B. Foreign income.
C. Interest rates.
D. Exchange rates.
C. Interest rates.
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If the price level decreases, then the aggregate expenditures schedule will shift and this translates into a ________.
A. shift in aggregate demand to the right B. shift in aggregate demand to the left C. movement up along the aggregate demand curve D. movement down along the aggregate demand curve
Which of the following best represents the effects of a decrease in the price of tea? a. A leftward shift in the demand for tea
b. A downward movement along the demand curve for tea. c. A rightward shift in the demand for tea. d. An upward movement along the demand curve for tea.
According to the circular flow model, expenditures by one person translate:
A. directly into income for someone else. B. indirectly into the value of that person's time. C. indirectly into the household's budget. D. directly into his or her income.
The open-economy macroeconomic model examines the determination of
a. the output growth rate and the real interest rate. b. unemployment and the exchange rate. c. the output growth rate and the inflation rate. d. the trade balance and the exchange rate.