Question:

Have some questions regarding macroeconomics and NO this not HW, just trying to learn?

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An increase in resource prices results in

a. a leftward shift of the aggregate supply curve.

b. a rightward shift of the aggregate supply curve.

c. a movement up the aggregate supply curve.

d. a movement up the aggregate demand curve.

e. a rightward shift of the aggregate demand curve.

Other things equal, a depreciation of the U.S. dollar against other foreign currencies will result in

a. an increase in foreign aggregate expenditures.

b. an increase in U.S. demand for foreign goods.

c. an increase in foreign demand for U.S. goods.

d. a decrease in domestic investment spending.

e. a decrease in U.S. aggregate expenditures.

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1 ANSWERS


  1. A, C

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