Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Figure 31.1Refer to Figure 31.1. Which of the following will cause a movement from Point D to Point A?
A. technological progress
B. an increase in capital stock
C. an increase in the productivity of workers
D. all of the above
Answer: D
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Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S
aggregate demand. A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease
Is the distribution of income across different countries in the world equitable? In other words, do all countries share the world's wealth equally?
What will be an ideal response?
Under a fixed exchange rate system, if the government decides to devalue its currency, net exports will ________ and the IS curve will shift to the ________
A) increase; left B) increase; right C) decrease; left D) decrease; right
If aggregate output is less than planned spending, then
A. unplanned inventory investment is positive. B. unplanned inventory investment is negative. C. unplanned inventory investment is zero. D. actual investment equals planned investment.