If a country's currency appreciates, the country will experience a ________ in exports and a ________ in imports

Luxury goods have income elasticity:

A) of less than zero. B) between zero and one. C) equal to one. D) greater than one.

"Demand-side fiscal policy is capable of changing Real GDP." This statement would be most likely to be said by an economist who believes that

A) the AS curve is vertical. B) the AS curve is upward sloping. C) complete crowding out exists. D) there is little, if any, crowding out. E) b and d