When national income in other nations increases:
A. the quantity of real domestic output demanded increases.
B. the quantity of real domestic output demanded decreases.
C. aggregate demand decreases.
D. aggregate demand increases.
Answer: D
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When tax revenue ________ outlays is positive, then the government has a budget ________
A) minus; surplus B) divided by; surplus C) minus; deficit D) plus; deficit E) plus; surplus
One of the obstacles to efficiency is monopoly
Indicate whether the statement is true or false
Points to the left of the LM schedule show that
a. the amount of money supplied exceeds the amount of money demanded. b. saving plus taxes will exceed investment plus government purchases. c. the amount of money demanded exceeds the amount of money supplied. d. investment plus government purchases will exceed saving plus taxes.
The current system of international finance is a
a. gold standard b. fixed exchange rate system c. floating exchange rate system d. managed float exchange rate system e. pooled currency exchange system