The part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country is the

Refer to Figure 13-13. What is the area that represents the firm's profit?

A) profit = 0 B) P3baP2 C) P4edP2 D) P4eaP1

Which of the following is an effect of an increase in the price level in an economy? a. The real value of dollar-denominated assets will increase

b. The aggregate expenditure line will shift upward. c. The equilibrium real gross domestic product will decrease. d. There will be downward movement along a particular aggregate demand curve. e. The aggregate demand curve will shift rightward.