A decrease in U.S. income would have what effect on the foreign exchange market for Israeli shekels?
a. shift its demand curve to the right
b. shift its demand curve to the left
c. shift its supply curve to the right
d. shift its supply curve to the left
e. have no effect on the demand and supply curves
B
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The total demand for goods and services at a given price level is also known as
A) autonomous consumption. B) the consumption function. C) equilibrium output. D) planned expenditures.
Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
What will be an ideal response?
Alt-A mortgages are
A) mortgages which are bundled together by financial institutions and sold to investors. B) mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgages. C) mortgages issued to borrowers with flawed credit histories. D) government-backed mortgages issued by Fannie Mae and Freddie Mac.
What determines the demand for a nonrenewable natural resource?
What will be an ideal response?