An increase in consumer wealth would shift the aggregate demand curve rightward
Indicate whether the statement is true or false
TRUE
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In what decades did labor unions gain the most members?
A. The 1910s and 1920s B. The 1930s and 1940s C. The 1950s and 1960s D. The 1970s and 1980s
What is the difference between the balance of trade and the balance of payments?
A. The balance of payments is only part of the balance of trade. B. The balance of trade is only part of the balance of payments. C. The two are different parts of the balance of merchandise accounts. D. The two are different parts of the balance of financial and capital accounts.
GDP in an economy is $11,130 billion. Consumer expenditures are $7735 billion, government purchases are $1989 billion, and gross investment is $1410 billion. Net exports are:
A. -$4 billion. B. -$161 billion. C. +$53 billion. D. -$47 billion.
If the dollar price of yen rises, then:
A. the yen price of dollars also rises. B. the dollar depreciates relative to the yen. C. the yen depreciates relative to the dollar. D. the dollar will buy fewer U.S. goods.