Multiple Choice
You are an analyst preparing a forecast of the effects of macroeconomic changes in the economy. What happens to prices and GDP when imported inputs become cheaper?
A) Both prices and GDP increase.
B) Both prices and GDP decrease.
C) Prices increase, and GDP decreases.
D) Prices decrease, and GDP increases.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: (Figure: Shift of the Aggregate Demand Curve)
Q9: The short-run aggregate supply curve has a
Q10: An increase in government spending, all things
Q11: If declining labor union membership causes workers
Q12: (Figure: Shift of the Aggregate Demand Curve)
Q14: The stock market drops significantly. Ceteris paribus,
Q15: Create four graphs that illustrate the four
Q16: Explain the international trade effect on net
Q17: (Figure: Aggregate Supply) Use Figure: Aggregate Supply.
Q18: The difference between total investment and planned