Multiple Choice
If prices increase only in the United States, then:
A) U.S. goods become relatively more expensive than goods from other countries.
B) U.S. goods become relatively less expensive than goods from other countries.
C) the prices of foreign goods must rise.
D) the income level of people in the US must rise.
Correct Answer:
Verified
Correct Answer:
Verified
Q80: A year-long drought that destroys most wheat
Q81: Which of the following would likely cause
Q82: Which of the following would likely cause
Q83: If U.S. prices increase relative to the
Q84: An example of stimulus spending by the
Q86: U.S. goods will become relatively less expensive
Q87: The aggregate supply curve shows the relationship
Q88: One major difference between the aggregate supply
Q89: The slope of the short-run aggregate supply
Q90: Consumption spending is:<br>A) negatively related to the