The aggregate expenditures function (AE) is the total spending in an economy at a given:
a. rate of interest

When the exchange rate between the U.S. dollar and the euro changes from 1.07 euros per dollar to 0.93 euros per dollar, then the

A) U.S. dollar has depreciated against the dollar. B) U.S. dollar has depreciated against the euro. C) euro has depreciated against the dollar. D) U.S. dollar has appreciated against the euro. E) euro has depreciated against the euro.

Demand-pull inflation happens during periods of full employment in the business cycle when demand for goods and services is growing faster than supply

a. True b. False Indicate whether the statement is true or false