As the dollar depreciates, the dollar price of imported goods _________, ultimately shifting the United States AD curve __________________
A) rises; rightward
B) rises; leftward
C) falls; rightward
D) falls; leftward
A
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Changes in the expected rate of inflation will:
A. cause the SRAS curve to become vertical. B. not shift but create a movement along the SRAS curve. C. shift the SRAS curve downward or upward. D. cause the SRAS curve to become upward-sloping.
The above figure shows Bobby's indifference map for juice and snacks. Assuming income remains unchanged, when the budget line rotates out, the expenditure on snacks
A) increases. B) decreases. C) does not change. D) Not enough information
The value of exports minus the value of imports in a period is called the:
A. trade balance. B. trade gap. C. international equilibrium. D. budget balance.
A shortage creates a situation that forces prices to ________ while a surplus creates a situation that forces prices to ________.
A. increase; increase B. increase; decrease C. decrease; decrease D. decrease; increase