Expansionary monetary policy would shift the
A. aggregate supply curve up and to the left.
B. aggregate demand curve to the right.
C. aggregate supply curve down and to the right.
D. aggregate demand curve to the left.
Answer: B
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Suppose iPhones cost 180 euros and 240 dollars in Belgium and the United States, respectively, while binoculars cost 60 euros and 75 dollars in Belgium and the United States, respectively
If the exchange rate is 0.75 euros/dollar, the law of one price ________ for iPhones and ________ for binoculars. A) holds; holds B) does not hold; holds C) does not hold; does not hold D) holds; does not hold
Because the U.S. traditionally gives more foreign aid than it receives, the U.S. traditionally has a negative value for
A) the capital account balance. B) the trade balance. C) investment income. D) net transfers received. E) all of the above