Foreign real national income rises. This raises U.S. ___________ which ________ aggregate demand (AD). The AD curve shifts ___________ as a result
A) net exports; raises; rightward
B) imports; raises; rightward
C) prices; reduces; leftward
D) investment; reduces; leftward
E) none of the above
A
You might also like to view...
For a tax to be successful, the tax base must be ¬¬¬_____
a. easy to measure and monitor b. large c. inelastic d. able to expand in times of crisis
When the price level changes, which of the following variables will change and thereby cause a change in the aggregate quantity of goods and services demanded?
a. the real value of wealth b. the interest rate c. the value of currency in the market for foreign exchange d. All of the above are correct.
Refer to the accompanying table. Total utility ________ as additional apples are consumed, but marginal utility ________ with each additional apple consumed.Number of ApplesTotalUtility120235345450545
A. first decreases then increases; decreases B. first increases then decreases; decreases C. first increases then decreases; increases D. first decreases then increases; increases
If inflation in Russia is higher than it is in Canada
A) the purchasing power of the ruble in buying Russian goods will rise relative to the dollar. B) the value of the dollar will rise in the long run. C) the value of the ruble will rise in the long run. D) Both A and C are correct.