Other things equal, if the national incomes of the major trading partners of the United States were to rise, the U.S.:
A. aggregate demand curve would shift to the right.
B. aggregate supply curve would shift to the left.
C. aggregate supply curve would shift to the right.
D. aggregate demand curve would shift to the left.
A. aggregate demand curve would shift to the right.
You might also like to view...
The supply curve shows
A. the same basic information as the demand curve. B. who will have an opportunity to produce or purchase an item. C. the quantity produced as a function of the price. D. plots of what quantities have been sold over the past few weeks or months.
According to the theory of purchasing power parity, whenever a country's price level is expected to fall relative to another country's price level,
A) its currency's real exchange rate relative to the other country's currency should rise. B) its currency should depreciate relative to the other country's currency. C) its currency should appreciate relative to the other country's currency. D) its nominal interest rate should rise relative to the other country's nominal interest rate.
Suppose Always There Wireless serves 100 high-demand wireless consumers, who each have a monthly demand curve for wireless minutes of QdH = 200 - 100P, and 300 low-demand consumers, who each have a monthly demand curve for wireless minutes of QdL = 100 - 100P, where P is the per-minute price in dollars. The marginal cost is $0.25 per minute. Suppose Always There Wireless charges $0.30 per minute. How many minutes will high-demand consumers purchase?
A. 60 B. 30 C. 70 D. 170
When workers expect more inflation than actually occurs:
a. the Phillips curve becomes vertical. b. the long-run Phillips curve shifts to the right. c. the short-run Phillips curve shifts to the left. d. there will be a movement down the short-run Phillips curve. e. there will be a movement up the short-run Phillips curve.