If the dollar depreciates in value relative to foreign currencies, then aggregate ________.
A. demand increases
B. demand decreases
C. supply and aggregate demand decrease
D. supply and aggregate demand increase
Answer: A
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For a fixed inflation rate target, an increase in the inflation rate corresponds to a ________ the aggregate demand curve and an increase in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement up; shift right of B. shift left of; shift right of C. shift left of; movement up D. movement up; movement down
Groups have preferences
a. True b. False
In the antebellum period, most large manufacturers relied on the _____________ for power
a. undershot water wheel b. overshot water wheel c. breast water wheel d. water turbine
The United States was running a large balance-of-trade deficit
a. during the Depression years of the 1930's. b. in the years following World War II. c. in the early 1960's. d. from the late 1970's through the 1990's.