The rapid depreciation in the dollar from 1985 to 1987 caused net exports during this period
A) to rise as the J curve would have predicted, but with a short lag (less than one year).
B) to rise as the J curve would have predicted, but with a long lag (more than one year).
C) to fall as the J curve would have predicted, but with a short lag (less than one year).
D) to fall as the J curve would have predicted, but with a long lag (more than one year).
B
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In the diagram above, which figure(s) show(s) no relationship between the variables?
A) both B and C B) only B C) both A and C D) only D E) both A and B
In a market open to international trade, at the world price the quantity demanded is 150 and quantity supplied is 200. This country will
A) export 50 units. B) import 50 units. C) export 200 units. D) import 150 units.
To derive a demand curve using utility analysis,
a. change a consumer's marginal utilities and note the effect of demand curve changes on market prices b. change a consumer's marginal utilities and note the effect of supply curve changes on market prices c. change a consumer's marginal utilities and note the effect of supply and demand curve changes on market prices d. note how the consumer's utility-maximizing consumption bundle changes in response to price changes e. note how the consumer's utility-maximizing consumption bundle changes in response to demand-curve shifts
In the aggregate demand/aggregate supply model, the vertical axis shows the values of ________ and the horizontal axis shows the values of ________.
A. the unemployment rate; the inflation rate B. the price level; real Gross Domestic Product (GDP) C. the inflation rate; the unemployment rate D. real Gross Domestic Product (GDP); the price level