Refer to the above figure. Suppose we are at E* and the dollar weakens. Which aggregate supply curve must apply if the price level increases?
A) 3 only
B) 4 only
C) 5 only
D) 4 or 5
D
You might also like to view...
The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to distribute their sunglasses in the spot market has fallen. As a result of the change, which of the following is true?
A) The manager has less of an incentive to integrate backward. B) The manager has more of an incentive to integrate forward. C) The manager has less of an incentive to integrate forward. D) The manager has more of an incentive to integrate backward.
In pure competition:
a. the optimal price-output solution occurs at the point where marginal revenue is equal to price b. a firm's demand curve is represented by a horizontal line c. a firm is a price-taker since the products of every producer are perfect substitutes for the products of every other producer d. a and b only e. a, b, and c
The temporary tax cuts of 2008 and 2009 were ineffective to boost the economy out of a recession.
Answer the following statement true (T) or false (F)
The massive deficit in the U.S. current account primarily reflects the
A. excess of foreign investment in the U.S. over domestic private investment. B. excess of U.S. exports over U.S. imports. C. transfers of money home by U.S. citizens working in other countries. D. excess of U.S. imports over U.S. exports.