Which of the following would lead to a leftward movement along the supply curve of euros?
a. An increase in the U.S. interest rate relative to the European interest rate
b. An increase in the dollars per euro exchange rate
c. A decrease in Europe's GDP
d. A decrease in the dollar price of the euros
e. A decrease in the U.S. price level relative to the European price level.
D
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If people's real assets increase, then the:
A. economy will move to the right along the existing consumption function. B. economy will move to the left along the existing consumption function. C. consumption function will shift down. D. consumption function will shift up.
Figure 18.3Refer to Figure 18.3. Livonia has a comparative advantage in the production of:
A. pogo sticks. B. scooters. C. both scooters and pogo sticks. D. neither scooters nor pogo sticks.