Appreciation of the Japanese yen would lead to
A. outward shift in the aggregate supply curve for Japan.
B. upward shift in the aggregate demand curve for Japan.
C. downward shift in the aggregate supply curve for Japan.
D. downward shift in the aggregate demand curve for Japan.
Answer: D
You might also like to view...
Risk assessment involves
a. balancing the costs and benefits of environmental hazards. b. an evaluation of the risk caused by exposure to an environmental hazard c. minimizing the costs of meeting an environmental objective d. eliminating all environmental risks e. none of the above
For any combination or outputs, there is an efficient allocation of income.
Answer the following statement true (T) or false (F)
When economists hold factors other than the one they are analyzing constant, they are demonstrating the principle of
a. circular flow analysis b. consumer sovereignty c. ceteris paribus d. normative economics e. scarcity modification
The United States imports garments from third world countries. This means that if the U.S. economy were closed, the domestic price of goods would be ________ the world price of garments.
A. less than B. equal to C. greater than D. close to