-44. An increase in aggreg ate supply will have the following effects. a. b. c.
ID: 1128064 • Letter: #
Question
-44. An increase in aggreg ate supply will have the following effects. a. b. c. d. Price level will decrease and GDP will increase. Price level will increase and GDP will decrease. Price level will remain constant and GDP will increase. Price level will increase and GDP will increase. 45. A decrease in aggregate demand will have the following effects. a. b. c. d. Price level will decrease and GDP will increase. Price level will decrease and GDP will decrease. Price level will increase and GDP will increase. Price level will increase and GDP will decrease. 46. Suppose that U.S. residents significantly increase their demand for imported cars from England. The greater U.S. demand will a. appreciate the British pound and depreciate the U.S. dollar. b. depreciate the British pound and appreciate the U.S. dollar. c appreciate the U.S. dollar and not affect the British pound d. depreciate the British pound and depreciate the U.S. dollar. 47. If initially one euro equals $1, but now one euro equals $1.35, the euro has dollar has_- a. appreciated...depreciated b. depreciated...depreciated c. revaluated... appreciated d. depreciated...appreciated 48. A country with inflation would experience a(n) of its currency. a. appreciation b. revaluation c. depreciation d. none of the above 49. If a dinner costs 600 Mexican pesos in Mexico City, how much will that dinner cost in U.S. dollars at an exchange rate of 12 pesos to $1? a. $60 b. $40 c. $50 d. $35Explanation / Answer
44.
An increase in aggreagte supply will have the following effects:
a. Price level will decrease and GDP will increase.
This is because when aggregate supply increases, the aggregate supply will shift to the right and with no change in aggregate demand there is a decrease in price level and increase in GDP.
45.
A decrease in aggregate demand will have the following effects:
b. price level will decrease and GDP will decrease.
46.
Suppose that U.S. residents significantly increase their demand for imported cars from England. The greater U.S. demand will:
a. appreciate the British pound and depreciate the U.S. dollar.
47.
If initially one euro equals $1, but now one euro equals $1.35, the euro has ___ and the U.S. dollar has ___.
a. appreciated and depreciated.
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