Multiple Choice
According to the net-exports effect,as the price level falls relative to the rest of the world:
A) foreigners buy fewer goods.
B) foreigners buy more Australian goods.
C) the aggregate demand curve shifts to the left.
D) the aggregate demand curve shifts to the right.
E) the supply of Australian-made goods increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The classical economists believe that prices and
Q30: The only determinant of investment is the
Q68: The horizontal segment of the aggregate supply
Q95: When OPEC caused the price of oil
Q100: As your income increases over time, your
Q120: If the terms of trade increase then,
Q121: Classical economics argued that:<br>A)the supply curve should
Q122: When the aggregate demand curve shifts to
Q124: When the economy is operating well below
Q128: The idea that government spending can be