Q1 .Which of the following is false ? Q2. If Germany\'s Real GDP falls, this ten
ID: 1197414 • Letter: Q
Question
Q1 .Which of the following is false?
Q2.
If Germany's Real GDP falls, this tends to ______________ United States exports, shifting the United States AD curve to the ________________.
Q3.
Dollar depreciation lowers United States Real GDP when the _____________ shift of the SRAS curve exceeds the __________ shift of the AD curve.
Q4.
If Germany's Real GDP rises, this tends to ________________ United States exports, shifting the United States AD curve to the ___________________.
Q5.
Can a change in the Japanese price level cause the United States to move downward along its J-curve?
a. Not all economists believe that rule-based monetary policy is preferable to discretionary monetary policy. b. Here is an example of zero crowding out: The government spends $100 more and the private sector doesn't spend any less. c. Here is an example of complete crowding out: The government spends $100 more and the private sector spends $100 less. d. Economists who advocate discretionary monetary policy argue that it is more likely to achieve the desired economic results because the monetary authority has the flexibility to shape the best monetary policy to the existing circumstances. e. none of the aboveQ2.
If Germany's Real GDP falls, this tends to ______________ United States exports, shifting the United States AD curve to the ________________.
a. raise; left. b. lower; right. c. raise; right. d. lower; left.Q3.
Dollar depreciation lowers United States Real GDP when the _____________ shift of the SRAS curve exceeds the __________ shift of the AD curve.
a. rightward; rightward b. leftward; rightward c. rightward; leftward d. leftward; leftwardQ4.
If Germany's Real GDP rises, this tends to ________________ United States exports, shifting the United States AD curve to the ___________________.
a. lower; right. b. raise; right. c. lower; left. d. raise; left.Q5.
Can a change in the Japanese price level cause the United States to move downward along its J-curve?
a. Yes, if the Japanese price level falls and the United States does not buy more Japanese goods. b. Yes, if the Japanese price level rises and the United States does not buy significantly fewer Japanese goods. c. No, a change in relative price levels cannot initiate the J-curve phenomenon. d. Yes, if the Japanese price level falls and the United States buys more Japanese goods.Explanation / Answer
1.
Option E: None of the above
Crowding out implies the reduction in the private spending due to rise in interest rate because of government vorrowing and investing. Option B is correct as increase in government spending does not affect the private spending and hence zero crowding out. Option C is also correct as the increase in government spending results in an equal decrease in private spending and hence complete crowding out. Option A and D are also correct in the sense that discretionary monetary policy is better as it has flexibility to shape the monetary policy to achieve the desire result and Not all economists believe that rule-based monetary policy is preferable to discretionary monetary policy
2.
Option B: lower, right
Real GDP falling means real fall in the output and thus lower net export. With lower supply demand in United states will increase and AD curve will move right
3
Option B: Leftward, Rightward
With dollar depreciation, the supply curve will shift leftward and demand will rise because US good will becomes cheaper and lead to rise in demand and thus shift in the AD curve rightward. However real GDP will fall when the leftward shift of the SRAS curve exceeds the rightward shift of the AD curve.
4.
Option B: raises, left
Real GDP rising means real rise in the output and thus higher net export.
5.
Option D
Yes, if the Japanese price level falls and the United States buys more Japanese goods.
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