Which of the following would not shift the aggregate expenditures curve?
A. Changes in consumer or business confidence
B. A change in the real interest rate
C. Changes in net exports that result from exchange rate changes
D. Fiscal policy changes
Answer: B
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Bananaland produces only bananas and sunscreen and the quantities and prices for 2012 and 2013 are given in the table above. Between 2012 and 2013, which grew more rapidly, nominal GDP or real GDP?
A) Real GDP grew more rapidly. B) Both grew at the same rate. C) Nominal GDP grew more rapidly. D) Because real GDP and nominal GDP use different prices, it is not possible to determine which grew most rapidly. E) More information is needed to determine which grew more rapidly.
What results has the Republic of Korea experienced from its change in policies?
What will be an ideal response?