When U.S. net exports fall, which decreases the aggregate quantity of goods and services demanded, the dollar must have
a) depreciated
b) reciprocated.
c) appreciated.
d) equivocated.
Ans: c) appreciated.
Economics
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In a given year, ________ of smartphone or tablet owners will pay for any apps
A) only about one-third B) almost 90 percent C) about 75 percent D) less than 15 percent
Economics
If the supply of a product increases, then we would expect equilibrium price
a. to increase and equilibrium quantity to decrease. b. to decrease and equilibrium quantity to increase. c. and equilibrium quantity to both increase. d. and equilibrium quantity to both decrease.
Economics