Which of the following would cause an increase in demand for Toyota automobiles?
a. an increase in the price of Toyota automobiles
b. a decrease in the price of Toyota automobiles
c. a decrease in the price of Honda automobiles
d. an increase in the price of Honda automobiles
d
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Japanese electronics exports were hurt in 2008 as a result of the recession. How would this decrease in exports have affected Japan's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right. B) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve. C) The aggregate demand curve would have shifted to the left. D) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve.
How might openness to the global economy influence the debate between policy activists and nonactivists?
What will be an ideal response?