A positive demand shock causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; shift to the right of
B) shift to the right of; movement down along
C) movement down along; movement down along
D) shift to the right; shift to the right of
D
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An example of a U.S. export is
A) diamonds mined in Africa sold to buyers in South America. B) a TV made in China sold to a buyer in Azerbaijan. C) matchbooks made in Mexico sold to a buyer in New Jersey. D) a washing machine made in Indiana sold to a buyer in France. E) pasta made in Italy sold to buyers in Spain.
The economic growth rate is expressed as the
A) growth rate of real GDP minus the growth rate of population. B) growth rate of the population. C) standard of living. D) annual percentage change of real GDP per person. E) annual percentage change of real GDP.