A decrease in the U.S. price level, other things constant, will _____
Fill in the blank(s) with the appropriate word(s).
stimulate U.S. exports but discourage imports, causing a downward movement along a given aggregate demand curve.
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Using the money demand and money supply model, an open market sale of Treasury securities by the Federal Reserve would cause the equilibrium interest rate to
A) not change. B) increase, then decrease. C) increase. D) decrease.
Economic profit equals accounting profit minus:
a. explicit costs. b. implicit costs. c. fixed costs. d. variable costs.
Automated production methods are only attractive when they
a. reduce labor productivity. b. replace workers. c. decrease per-unit costs of production. d. lower wages.
United States Steel had its antitrust case dismissed on the grounds that it had shown no evidence of unreasonable conduct, despite controlling 60 percent of the steel market.
Answer the following statement true (T) or false (F)