Mexico and the United States are trading partners. If Mexico experiences a recession, the _____
a. aggregate demand curve of the United States will shift rightward.
b. aggregate demand curve of the United States will shift leftward.
c. aggregate supply curve of the United States will shift rightward.
d. aggregate supply curve of the United States will shift leftward.
b
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Which of the following is not a result of rent controls?
a. reduced incentives to build new rental housing b. reduced incentives for landlords to keep rental units in good repair c. increased discrimination against people deemed undesirable on the part of landlords d. increased turnover as tenants move more frequently from one rental unit to another
A large open economy's real interest rate will decrease if
A. the expected future marginal product of domestic capital rises. B. there is a temporary positive domestic supply shock. C. the expected future marginal product of foreign capital rises. D. there is a temporary negative domestic supply shock.