Other things the same, which of the following could be a consequence of an appreciation of the U.S. real exchange rate?
a. John, a French citizen, decides that Iowa pork is now relatively less expensive and orders more for his restaurant.
b. Nick, a U.S. citizen, decides that the trip to Nepal he's been thinking about is now affordable.
c. Roberta, a U.S. citizen, decides to import fewer windshield wipers for her auto parts company.
d. All of the above are correct.
b
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In Gordon's early presentation of the IS-LM and AD/SRAS/LRAS models, macro policy was assumed to have ________ effects on aggregate demand
A) immediate and certain B) immediate but uncertain C) delayed but certain D) delayed and uncertain
If Korea's average annual growth rate is 9 percent and that of the United States is 4 percent, the time required for Korea's real GDP to double will be ____ less than the time required for the GDP of the United States to double
a. 3 years b. 6 years c. 12 years d. 15 years e. 10 years
An increase in the interest rate shifts the money demand curve to the right
a. True b. False
Which of the following could be the price elasticity of demand for a good for which a decrease in price would decrease revenue?
a. 0.8 b. 1 c. 1.8 d. 2.4