If the U.S. dollar decreases in value relative to other currencies, how does this affect the aggregate demand curve?
A) This will move the economy down along a stationary aggregate demand curve.
B) This will shift the aggregate demand curve to the right.
C) This will move the economy up along a stationary aggregate demand curve.
D) This will shift the aggregate demand curve to the left.
B
You might also like to view...
The structure of the Social Security system is particularly advantageous to
a. blacks. b. those with life shortening diseases such as diabetes. c. groups with below average earnings and above average life expectancy. d. groups with above average earnings and below average life expectancy.
Refer to the following graph. The price of capital (r) is $20.
What is the price of labor (w)?
A. $30 B. $35 C. $25 D. $20 E. none of the above
Positive economics is:
A. more objective than normative economics. B. more subjective than normative economics. C. neither objective nor subjective. D. subjective.
Why do you think Congress and the President are reluctant to fix the problems (identified in the text) with the Social Security System?
What will be an ideal response?