A currency appreciation is disinflationary and contractionary if the
a. inward shift of the aggregate demand curve due to the fall in exports exceeds the outward shift of the aggregate supply curve due to lower input prices.
b. outward shift of the aggregate demand curve due to the rise in exports exceeds the outward shift of the aggregate supply curve due to lower input prices.
c. outward shift of the aggregate demand curve due to the fall in exports exceeds the inward shift of the aggregate supply curve due to higher input prices.
d. inward shift of the aggregate demand curve due to lower input prices exceeds the outward shift of the aggregate supply curve due to the rise in exports.
a
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All of the following are included in M1 EXCEPT
A) coin and currency. B) money market mutual fund shares. C) traveler's checks. D) checking account balances.
Which of the following is true of economics? a. It deals with the study of the functioning and development of human society. b. It deals with the study of states and the systems of government in those states. c. It deals with the study of the evolution of human society
d. It deals with the study of how scarce resources are allotted.