A depreciation of the U.S. real exchange rate induces U.S. consumers to buy

a. fewer domestic goods and fewer foreign goods.
b. more domestic goods and fewer foreign goods.
c. fewer domestic goods and more foreign goods.
d. more domestic goods and more foreign goods.

b

Economics

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In the traditional Keynesian model, an increase in government spending

A) causes the C + I + G + X line to shift upward by the full amount of the increase in government spending. B) causes the C + I + G + X line to shift upward by an amount less than the increase in government spending. C) causes the C + I + G + X line to shift upward by more than the increase in government spending. D) causes no change in the C + I + G + X line.

Economics

Which is NOT one of the potential benefits of labor unions?

A) Unionism raises social efficiency. B) Unions appear to reduce wage inequality. C) Unions may reduce a company's profits. D) Unions may have contributed to safer working conditions.

Economics