An expansionary monetary policy in the United States should
A) cause the dollar to appreciate.
B) decrease the foreign currency price of U.S. exports.
C) decrease net exports.
D) decrease the dollar price of imports.
B
Economics
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The existence of automatic stabilizers will
A) cause the effects of shocks to aggregate demand to have a larger effect on GDP. B) reduce the recognition lag of discretionary fiscal policy. C) eliminate recessions. D) reduce the size of recessionary and inflationary gaps.
Economics
A firm will maximize profit at the level of output where:
A) its marginal revenue equals total cost. B) its marginal revenue equals marginal cost. C) its total cost equals total revenue. D) its average revenue equals average cost.
Economics