Suppose the euro appreciates against the dollar. This causes U.S. exports to become less expensive for consumers in the European Union, which would likely cause the U.S.
A. aggregate demand to shift leftward.
B. aggregate supply to shift rightward.
C. aggregate demand to shift rightward.
D. aggregate supply to shift leftward.
Answer: C
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Assume that a country has a domestic demand curve defined as Qd = 100 - 2P and a domestic supply curve defined as Qs = -20 + 3P. What is the country's import demand curve (Qm)?
What will be an ideal response?
Which of the following cost functions will exhibit both decreasing and increasing marginal costs?
A) a cubic cost function B) a quadratic cost function C) a linear cost function D) All of the above
An example of a tax-funded program primarily intended to stimulate economic growth is the:
A. maintenance of public highways. B. provision of housing to those in need. C. provision of basic healthcare. D. provision of national defense.
One of the important conditions needed for economic growth is
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