For a given price level, an upward shift of the expenditures schedule corresponds to an
a. inward shift of the aggregate demand curve.
b. outward shift of the aggregate demand curve
c. outward shift of the aggregate supply curve.
d. inward shift of the aggregate supply curve.
b
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Imagine a country that is immense in size, has extensive resources, and is positioned in a geostrategic location of great importance. At some point in the future, it may very well be asked to join which group of countries?
Assume that at the beginning of 2012, one dollar could be traded for 5 yuan. If in 2013 one dollar was being traded for 6 yuan, it can be concluded that:
A) the dollar appreciated against the yuan and the yuan depreciated against the dollar in 2013. B) the real exchange rate changed in 2013 assuming PPP holds. C) the nominal exchange rate did not change in 2013. D) the dollar depreciated against the yuan and the yuan appreciated against the dollar in 2013.