1) An increase in net exports leads to an increase in real GDP. Further, a) cons

Question

1) An increase in net exports leads to an increase in real GDP. Further, a) consumption spending and saving increase b) consumption spending increases while investment spending decreases. c)consumption spending increases but saving does not change. d) government spending decreases to offset the increase in net exports. 2)A decrease in aggregate spending that is caused by a factor other than the price level will lead to the a)aggregate demand curve shifting to the left b) aggregate demand curve shifting to the right c)aggregate supply curve shifting to the left. d) aggregate supply curve shifting to the right 3)The Long-run aggregate supply when resources are fully employed a)is determined by demand b)will always be associated with a point on the production possibilities curve c) will always be associated with a point outside the PPC D) has no relationship with the production possibilities curve Please help answer these questions asap! Explanations not necessary but would be very helpful (:

Explanation / Answer

1.D 2.B 3.A

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