A currency appreciation is disinflationary and contractionary if the
a. inward shift of the aggregate demand curve due to the fall in exports exceeds the outward shift of the aggregate supply curve due to lower input prices.
b. outward shift of the aggregate demand curve due to the rise in exports exceeds the outward shift of the aggregate supply curve due to lower input prices.
c. outward shift of the aggregate demand curve due to the fall in exports exceeds the inward shift of the aggregate supply curve due to higher input prices.
d. inward shift of the aggregate demand curve due to lower input prices exceeds the outward shift of the aggregate supply curve due to the rise in exports.
a
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Which of the following accurately measures the welfare or happiness of society?
A) Nominal GDP B) Real GDP C) Both Nominal GDP and Real GDP D) None of the above.
If Texans decrease their purchases of Mexican beer, assuming all else remains constant, this will ________ of the United States
A) decrease the financial account balance B) decrease net exports C) increase the trade deficit D) decrease the current account balance
Based on what we know about the globalized AS/AD model, the standard model does not include an analysis of:
A. consumption. B. government spending in the United States. C. investment. D. net exports.
The basic economic argument for the market system is that it promotes:
A. the use of money. B. equality in the distribution of income. C. personal freedom. D. an efficient allocation of resources.