When the dollar appreciates, the prices of imported inputs
A. fall and aggregate supply shifts outward.
B. fall and aggregate supply shifts inward.
C. rise and aggregate supply shifts outward.
D. rise and aggregate supply shifts inward.
Answer: A
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What will be an ideal response?
The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas
A) 34 B) 35.5 C) 3 D) 37 E) None of the above answers is correct.
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A) commercial bank reserves will decrease. B) the government's debt will decrease. C) commercial bank reserves will increase. D) there will be no effect on the quantity of money.
What does a budget constraint represent? How do budget constraints explain the trade-offs that consumers face?
What will be an ideal response?