When the U.S. dollar appreciates,
a. U.S. exports rise.
b. U.S. imports decline.
c. aggregate demand shifts leftward.
d. aggregate demand shifts rightward.
C
You might also like to view...
If an environmental group wanted to prevent the habitat destruction of the Wyoming pocket gopher, the Coase theorem would direct the group to
A) try to get laws enacted to protect the species. B) bargain in order to obtain the property rights of the gopher habitat. C) physically block any efforts to destroy the habitat. D) protest the destruction while gaining media attention for their cause.
Suppose that a long-run adjustment in a perfectly competitive industry results in decreased industry output but leaves price unchanged. Which of the following must be true?
a. The market demand curve did not shift b. The market demand curve shifted left; the market supply curve shifted right c. The market supply curve shifted left; the market demand curve shifted right d. Both market supply and demand increased, but supply increased more than demand e. The industry is a constant-cost industry
Your college roommate receives a pay raise at her part-time job from $9 to $11 per hour. She used to work 10 hours per week, but now she decides to work 15 hours per week. For this price range, her labor supply curve is
a. vertical. b. horizontal. c. upward sloping. d. backward sloping.
If the tax multiplier is -4 and taxes are reduced by $35 billion, output
A. falls by $8.75 billion. B. falls by $140 billion. C. increases by $8.75 billion. D. increases by $140 billion.