Suppose speculators lost confidence in foreign economies and bought more U.S. bonds. How would this affect net exports in the U.S., and which way would this cause the aggregate demand curve to shift?
Net exports would fall and the aggregate demand curve would shift to the left.
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Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equation TC = 300 + 10Q, where Q represents the number of t-shirts you make. As you increase your production of t-shirts, your average fixed cost ________ and your marginal cost ________.
A. decreases; increases B. increases; decreases C. stays the same; increases D. decreases; stays the same
When income rises, total expenditures remain constant.
Answer the following statement true (T) or false (F)
Which of the following is a correct statement about unions in the United States?
A. Since the 1960s, there has been a gradual increase in the proportion of U.S. workers who are members of unions. B. The trend away from manufacturing and the deregulation of certain industries has promoted unionization of the U.S. workforce. C. Half of the top ten U.S. unions now have members who work in service and government occupations. D. Half of all U.S. workers are union members.
The two most comprehensive, widely accepted macroeconomic models are
A. the Austrian model and the Keynesian model. B. the supply-side model and the real business cycle model. C. the classical model and the Keynesian model. D. the classical model and the supply-side model.