Suppose the Asian financial crisis decreased U.S.exports.In the aggregate demand/aggregate supply model,this would be represented as
A) a shift to the right of aggregate supply, which would result in more production for the U.S. economy.
B) a shift to the left of aggregate supply, which would result in less production for the U.S. economy.
C) a shift to the right of aggregate demand, leading to more spending and production in the U.S. economy.
D) a shift to the left of aggregate demand, leading to less spending and production in the U.S. economy.
Correct Answer:
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Q1: Taxes,savings,and imports tend to magnify the effect
Q3: If consumption spending increases because people feel
Q4: For any given increase in spending that
Q5: What typically happens to imports as income
Q6: Economic growth would be illustrated by
A)a rightward
Q7: Intermediate inputs are
A)goods used for household consumption
Q8: When spending and incomes in an economy
Q9: When aggregate demand meets aggregate supply in
Q10: Which of the following is true?
A)Points along
Q11: When aggregate demand increases,
A)the price level is
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