State whether the following events would shift the AD curve to the right , to th

Question

State whether the following events would shift the AD curve to the right, to the left, or not at all:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

a. Foreign income decreases.

b. The exchange rate value of the dollar falls.

c.   Consumers expect lower income in the future.

d. The distribution of income shifts toward wealthier families that purchase more imported goods.

e. Home heating oil prices rise, so people switch to natural gas.

f.    The <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />U.S. price level rises as expected.

Explanation / Answer

Hope i helped

a-)shifts to left

b-)no shifting at all

c-)shifts to right

d-)shifts to left

e-)again shifts to left

f-)in doubt on that one

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