Refer to the scenario above. Earthland's financial account would report a balance of ________ for the year
A) $4 billion B) -$10 billion C) -$6 billion D) $14 billion
B
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Refer to the diagrams, in which AD 1 and AS 1 are the "before" curves and AD 2 and AS 2 are the "after" curves. Other things equal, a decline in net exports caused by the foreign purchases effect of a price-level increase is depicted by the:
A. shift of the AD curve in panel (A).
B. move from point a to point b in panel (B).
C. shift of the AS curve in panel (B).
D. move from point a to point c in panel (C).
For a given level of inflation, if a rise in the stock market makes consumers more willing to spend, known as the wealth effect, then the ________ shifts ________.
A. short-run aggregate supply line; upward B. aggregate demand curve; right C. short-run aggregate supply line; downward D. aggregate demand curve; left