Suppose that Year 2 is the base year. Year 1 real GDP is

A countervailing duty is a tariff that is levied to counteract

A) the dumping of goods in the domestic market by foreign firms. B) a sudden surge of imports which hurt a domestic industry. C) subsidies given to foreign firms by their own governments. D) the tariff on domestic goods that are enacted by foreign governments. E) low prices for imported goods that are made in countries with low wages.

A decrease in the price level causes a ________ the IS curve and a ________ the aggregate demand curve

A) movement up along; movement up along B) shift to the right of; movement up along C) movement down along; movement down along D) shift to the left of; movement down along