According to the interest rate effect, when the price level rises, people need: More money to make the same number of purchases, causing interest rates to rise, reducing consumption, investment and the quantity of real GDP demanded resulting in a downward sloping aggregate demand curve, aggregate_____ determine the level of real GDP, Shift the AE line downward and shift the AD curve to the left, Assume an economy starts out in equilibrium. D) saving.
If there is a tremendous natural disaster, the effect can be shown by: C. an inward contraction of the production possibility frontier. Net Exports (X-I) equal Exports (X) minus Imports (I). Real GDP this year using last year as the base year is: Consider an economy that only produces two goods: DVDs and DVD players. the price level falls.
Which one of the following transactions is included in a current year's GDP as investment spending? t/f False, net exports= exports -imports An increase in the volume of a nation's exports, other things being equal, will expand the nation's real GDP? This describes the: Cost-push inflation occurs as an increase in resource costs shifts aggregate ____ to the left, The supply curve for an individual good or service is upward-sloping because, The term stagflation was coined in the 1970's, during a period of high _____ in the United States. Correct 1 1 Question 3 If net exports are negative then a net capital outflow, 4 out of 4 people found this document helpful. the rate at which a person can trade the currency of one country for the currency of another, an increase in the value of a currency as measured by the amount of foreign currency it can buy, a decrease in the value of a currency as measured by the amount of foreign currency it can buy, the rate at which a person can trade the goods and services of one country for the goods and services of another, real exchange rate = (nominal exchange rate x domestic price) / foreign price, a theory of exchange rates whereby a unit of any given currency should be able to buy the same quantity of goods in all countries. In a small, open economy if net exports are negative, then: domestic spending is greater than output.
net capital outflows are positive. Net exports can be either positive or negative. 20 percent more than the same market basket purchased in the base year. d. net capital outflow is negative, so investments in America bought by foreigners are greater than foreign investments bought by Americans. If a country exports $200 billion worth of goods and imports $185 billion worth of goods (exports > imports), then its net exported goods are $200 billion – $185 billion = … if net exports are negative... exports are less than imports, indicating that the country sells fewer goods and services abroad than it buys from other countries ... Quizlet Live. © 2003-2020 Chegg Inc. All rights reserved.
Investment in human capital shifts the aggregate production function: Among people counted as unemployed by the government are: A. people without a job who are actively seeking a job. If the consumer price index changes from 120 to 125 between December 2007 and December 2008, the: In the country of Sildavia, a market basket of goods and services cost $130 in 2003, $140 in 2004, and $160 in 2005.
goods and services that are produced domestically and sold abroad, goods and services that are produced abroad and sold domestically, the value of a nation's exports minus the value of its imports; also called the trade balance, net exports = value of country's exports - value of country's imports, exports are greater than imports, indicating that the country sells more goods and services abroad than it buys from other countries, exports are less than imports, indicating that the country sells fewer goods and services abroad than it buys from other countries, a situation in which exports equal imports, the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreigners, net capital outflow = purchase of foreign assets by domestic residents - purchase of domestic assets by foreigners.
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