An appreciation of the U.S. dollar will tend to encourage, other things the same ________
A) the purchase of U.S. goods by foreign economic agents
B) the purchase of foreign goods by U.S. economic agents
C) the purchase of U.S. goods by U.S. economic agents
D) the purchase of U.S. assets by foreign economic agents
B
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To convey information about the dynamic multipliers more effectively, you should
A) plot them. B) discuss these carefully one at a time. C) estimate them by maximum likelihood methods. D) first make sure that they are stationary.
Using Figure 1.5, if an economy is currently producing on PP2, which of the following would shift the production possibilities curve toward PP1?
A. An advancement in technology. B. A decrease in the level of unemployment towards the normal level. C. An increase in the quantity of labor available. D. A decrease in the amount of capital available.