If the dollar appreciates and the U.S. AD curve shifts leftward by an amount greater than the U.S. SRAS curve shifts rightward, then Real GDP will _____________________ and the price level will _____________________
A) decrease; decrease
B) decrease; increase
C) increase; decrease
D) increase; increase
A
You might also like to view...
Using equal amounts resources, country a can produce either 30 tons of mangoes or 10 tons of bananas, and country b can produce either 10 tons of mangoes/bananas. Which of the following is consisted w/ the info above
A final good is one that
A) is purchased as an input in the production process. B) is purchased by its final user. C) is a natural resource used to produce a good. D) is used in the production of another good.
Banks keep ________ of checking deposits as reserves because on a typical day withdrawals ________ deposits
A) exactly 100%; are much greater than B) more than 100%; are much greater than C) less than 100%; are about the same as D) less than 100%; are much greater than E) exactly 100%; are about the same as
The benefit to sellers of participating in a market is measured by the
a. amount of taxes collected on sales of the good. b. producer surplus. c. amount sellers receive for their product. d. sellers' willingness to sell.