If the U.S. dollar becomes weaker in international markets, the net effects will include
A) a decrease in short-run aggregate supply (SRAS) and an increase in aggregate demand.
B) an increase in short-run aggregate supply (SRAS) and a decrease in aggregate demand.
C) a decrease in both short run aggregate supply (SRAS) and aggregate demand.
D) an increase in both short run aggregate supply (SRAS) and aggregate demand.
A
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The fact that there is a very limited amount of land in Hong Kong means the supply of new apartments in Hong Kong is
A) inelastic. B) elastic. C) unit elastic. D) perfectly elastic. E) limited by the demand.
Which of the following will cause a reduction in the steady-state growth rate of output per worker?
A) a reduction in the saving rate B) an increase in the population growth rate C) an increase in the rate of depreciation D) an increase in the saving rate E) none of the above