An increase in the price level shifts the aggregate demand curve to the left

When the exchange rate falls, imports ________ and exports ________

A) increase; decrease B) increase; increase C) decrease; do not change D) decrease; decrease E) decrease; increase

Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. The inflation rate between 2011 and 2012 is

A) $15. B) 15.0 percent. C) $10. D) 10.3 percent. E) 9.0 percent.