In a two-country world, an increase in the real interest rate in the domestic economy (relative to the real interest rate in the foreign economy) shifts

A) the domestic AD curve leftward and the domestic SRAS curve rightward.
B) the domestic AD curve rightward and the domestic SRAS curve leftward.
C) both the domestic AD curve and the domestic SRAS curve rightward.
D) both the domestic AD curve and the domestic SRAS curve leftward.
E) the domestic AD curve leftward and does not affect the domestic SRAS curve.

A

Economics

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Prior to the Civil War (1861–1865) American capitalism was free from government influence and controls. The government only served as the protector of private property rights and the provider of national defense

Indicate whether the statement is true or false

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The world's largest exporter (measured in total dollar volume, 2011) is:

A. the United States. B. China. C. Japan. D. Germany.

Economics