Which of the following will NOT shift the aggregate demand curve?
A. a change in government expenditures
B. depreciation in the value of the national currency
C. a change in the domestic marginal tax rates
D. a change in the domestic price level
Answer: D
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Which of the following statements is true when total spending equals total output?
a. Saving plus taxes equals investment plus government purchases. b. Output equals investment plus government purchases plus saving plus taxes. c. Output equals consumption spending plus investment plus government purchases plus saving plus taxes. d. Output equals consumption plus investment plus taxes. e. Saving plus investment equals taxes plus government purchases.
Figure 17-6
The domestic country is China.
Refer to . If China were to abandon a no-trade policy in favor of a free-trade policy,
a.
Chinese producers of pencil sharpeners would become worse off.
b.
Chinese consumers of pencil sharpeners would become better off.
c.
total surplus in the Chinese economy would increase.
d.
All of the above are correct.