Which of the following will cause the net export function to shift?
a. A change in real GDP
b. An increase in government spending
c. An increase in investment spending
d. A change in the exchange rate
e. A change in the domestic interest rate
d
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One bag of coffee beans is sold for $7 to a cafe that uses it to brew coffee which it sells to customers for a total of $15. A second bag of coffee is sold directly to Joan for $7, who uses it to brew coffee for her family every morning
What is the contribution to GDP from the purchases of coffee beans and coffee? A) $14 B) $29 C) $15 D) $7 E) $22
________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value
A) Money; income B) Wealth; income C) Income; money D) Money; wealth
If Y = $500 billion, autonomous consumption = $300 billion, and the marginal propensity to save = 0.20, then saving will equal
a. –$200 billion b. $200 billion c. –$100 billion d. $100 billion e. $40 billion
A decrease in the price level causes a lower equilibrium quantity demanded
a. True b. False Indicate whether the statement is true or false