Which of the following would cause an increase in aggregate demand in the short run?
A) an increase in taxes B) an increase in the supply of money
C) a decrease in the price level D) a crop failure
B
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If the real interest rate is 2% and expected inflation is 2%, the nominal interest rate is:
A) 0% B) 1% C) 2% D) 4%
If income in the United States increases more rapidly than the income of our trading partners, other things constant, the dollar will
a. appreciate, imports will become less expensive, and domestic exports will become more expensive to foreigners. b. depreciate, imports will become less expensive, and domestic exports will become more expensive to foreigners. c. appreciate, imports will become more expensive, and domestic exports will become less expensive to foreigners. d. depreciate, imports will become more expensive, and domestic exports will become less expensive to foreigners.