1) An appreciation of the U.S. dollar ________ the price of U.S. imports, and __
ID: 1164398 • Letter: 1
Question
1) An appreciation of the U.S. dollar ________ the price of U.S. imports, and ________ the price of U.S. exports.
lowers, increases
2) The short-run aggregate supply (SRAS) curve represents the relationship between
the decisions of producers and the decisions of consumers.
3)Classical economists tend to
support Say's law.
4)When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
lowers, lowers increases, increases increases, lowerslowers, increases
2) The short-run aggregate supply (SRAS) curve represents the relationship between
the price level and the real Gross Domestic Product (GDP) without full adjustment or full information. the price level and the real Gross Domestic Product (GDP) without full adjustment but with full information. the price level and the nominal Gross Domestic Product (GDP).the decisions of producers and the decisions of consumers.
3)Classical economists tend to
see unemployment as a persistent economic problem. believe in Keynesian economics. reject the equality of savings and investment.support Say's law.
4)When investors buy more capital goods because the interest rates have fallen, the aggregate demand curve
shifts right. shifts left. does not shift. stays the same.Explanation / Answer
a) "D"
An appreciation of the value of the dollar will lower the price of imports and increase the price of the exports.
b) "B"
The SRAS represents the price level and GDP without adjustment but with full information.
c) "D"
Classical economist believed in say's law that says the supply creates its own demand.
d) "A"
More investment or capital goods in the market will shift the aggregate demand curve to the right.
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