A rise in foreign productivity tends to __________ foreign prices and causes the dollar to __________ relative to the foreign currency

Explain how the equilibrium wage rate is determined for a perfectly competitive industry and how a firm in that industry determines its profit maximizing employment level

What will be an ideal response?

A depreciation of the U.S. dollar against foreign currencies tends to __________ U.S. net exports and shift the U.S. AD curve to the __________

A) raise; right B) raise; left C) lower; right D) lower; left