In the globalized AS/AD model, what curve tells the amount of tradable goods that other countries in the world will supply to the country at a given price level and exchange rate:
A)world demand curve
B)domestic supply curve
C)world supply curve
D)domestic demand curve

Question

Quizplus · Accepted Answer

The world supply curve represents the amount of tradable goods that other countries will supply to a country at a given price level and exchange rate in the globalized AS/AD model.

In the Globalized AS/AD Model, What Curve Tells the Amount