A favorable supply shock abroad would

a. increase U.S. imports and decrease aggregate demand.
b. decrease U.S. net exports and reduce aggregate supply.
c. decrease U.S. net exports and decrease national income.
d. increase U.S. net exports and increase aggregate demand.

c

Economics

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Differences in what can help explain the wage gap between U.S. born and foreign born workers employed in the U.S.?

(a) Gender (b) Schooling (c) Immigration policy (d) All of the above

Economics

A Chinese person reads The China Financial Times and notes that the exchange rate, dollars per yuan, is 9 . An American reading The Wall Street Journal sees the same rate expressed in yuans per dollar and it is

a. 9 b. 0.90 c. 90 d. 0.11 e. 0.09

Economics