If the U.S. price level increases relative to price levels in foreign countries, _____
a. the aggregate supply curve for the U.S. will shift outward and the aggregate demand curve would remain unchanged
b. the aggregate supply curve for the U.S. will shift inward and the aggregate demand curve would remain unchanged
c. the aggregate demand curve for the U.S. will shift outward and the aggregate supply curve would remain unchanged
d. the aggregate demand curve for the U.S. will shift inward and the aggregate supply curve would remain unchanged
e. both the aggregate demand and the aggregate supply curves for the U.S. will shift outward
d
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Refer to Figure 4-5. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the quantity of apartments demanded at the new price?
A) 0 B) Q0 C) Q1 D) Q*
The value of a country's exports is listed in its balance of payments account as a(n)
a. credit b. debit c. payment d. investment e. unilateral transfer
Which of the following combinations would have an indeterminate effect on the size of the money supply?
a. an increase in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves b. an increase in the percentage of money people want to hold as currency and an increase in the fraction of deposits banks want to hold as excess reserves c. a decrease in the percentage of money people want to hold as currency and a decrease in the fraction of deposits banks want to hold as excess reserves d. none of the above
The Total Cost Function in the book
A. is U-shaped. B. is shaped as an upside down U. C. begins by sharply rising, flattens out, then sharply rises again. D. is an up-ward sloping straight line.