According to the net exports effect, as the price level falls relative to the rest of the world,
a. foreigners buy fewer goods.
b. foreigners buy more U.S. goods.
c. the aggregate demand curve shifts to the left.
d. the aggregate demand curve shifts to the right.
e. the supply of U.S.-made goods increases.
b
Economics
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According to this Application, the decline in population resulting from the Black Death caused the ________ curve for labor to shift to the ________
A) supply; left B) demand; right C) supply; right D) demand; left
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National income accountants measure the value of final goods and services with
A) market prices. B) fair prices. C) objective values. D) best-guess estimates as to what things are really worth.
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