If the interest rate in the French economy increases, then the most likely outcome would be that, in France, the
a. economy will move to a new point along its existing consumption curve
b. consumption curve will shift upward
c. investment curve will shift downward
d. investment curve will shift upward
e. economy will move to a new point along its existing investment curve
C
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A technological advance ________ aggregate supply, shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle
A) decreases; rightward; expansion B) decreases; leftward recession C) increases; rightward; expansion D) increases; rightward; recession E) increases; leftward; expansion
The infant industry argument says that
A) tariffs should be imposed to allow a new industry in a country to get established. B) dumping should be allowed in order to establish a presence of an industry that has previously not had a presence in another country. C) countries should produce and trade goods according to their comparative advantage. D) imports should target new products from other countries to take advantage of the transmission of new ideas.