Business cycles are linked to the interaction between:
a. the foreign exchange rate and the balance of payments account.
b. the aggregate demand and aggregate supply curves.
c. the demand and supply curves for a particular good.
d. the substitution and the wealth effect.
e. the long-run aggregate supply curve and the aggregate resource curve.
b
Economics
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A(n) ________ in U.S. prices will cause a decrease in the demand for U.S. dollars and a(n) ________ in the (per dollar) exchange rate
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Economics
Refer to Figure 4-1. If the market price is $3.00, what is the maximum number of burritos that Arnold will buy?
A) 0 B) 2 C) 3 D) 4
Economics