Quiz_238 - 135 A spendingonimports B

Quiz_238 - 135 A spendingonimports B

This preview shows page 1 - 2 out of 4 pages.

135) What impact does an increase in the price level in the United States have on net exports and why?A) An increase in the price level increases net exports because higher prices decrease Americanspending on imports.B) An increase in the price level increases net exports because higher prices lower the value ofthe dollar.C) An increase in the price level decreases net exports because higher prices decrease the valueof the dollar.D) An increase in the price level decreases net exports by increasing the relative cost ofAmerican goods.Answer: D135)Diff: 2Page Ref: 779-780/405-406Topic: The Aggregate Demand CurveLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective Thinking136) An increase in the price level in the United States will have what effect on the aggregateexpenditure line?136)Diff: 2Page Ref: 779-780/405-406Topic: The Aggregate Demand CurveLearning Outcome: Macro 8: Investigate the relationship between income and expendituresAACSB: Reflective Thinking137) A decrease in aggregate expenditure has what result on equilibrium GDP?137)Diff: 2Page Ref: 779-780/405-406Topic: The Aggregate Demand CurveLearning Outcome: Macro 8: Investigate the relationship between income and expenditures
Background image
Image of page 2

You've reached the end of your free preview.

Want to read all 4 pages?

  • Three '11
  • various
  • Harshad number, AACSB, Page Ref

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture