_____ gains when the U.S. dollar appreciates
a. A U.S. exporting firm
b. A foreign tourist in the United States
c. A U.S. investor investing abroad
d. A foreign investor in the United States
c
Economics
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If the aggregate supply curve is vertical, an increase in aggregate demand will
A) increase both real and nominal GDP by the full multiplier effect. B) increase real GDP but not nominal GDP. C) increase the price level but not real GDP. D) increase real GDP by less than the full multiplier effect because of rising prices.
Economics
Which of the following is the most efficient means of trade?
A) barter B) money C) government rationing D) the combination of barter with some government rationing
Economics