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If an economy’s exports are $800 billion and its imports are $750 billion, its net exports

If an economy’s exports are $800 billion and its imports are $750 billion, its net exports are

a.$1,550 billion

b.$50 billion

c.-$50 billion

d.1.07.

 

 

 

32.If an economy’s exports are $560 billion and its imports are $730 billion, its net exports are

a.$1,290 billion

b.$170 billion

c.-$170 billion

d.1.30.

 

 

 

33.A rise in net exports shifts the

a.AD curve leftward.

b.AD curve rightward.

c.SRAS curve leftward.

d.SRAS curve rightward.

 

 

 

34.If Germany’s Real GDP rises, this tends to ________________ United States exports, shifting the United States AD curve to the ___________________.

a.raise; right.

b.raise; left.

c.lower; right.

d.lower; left.

 

 

 

35.If Germany’s Real GDP falls, this tends to ______________ United States exports, shifting the United States AD curve to the ________________.

a.raise; right.

b.raise; left.

c.lower; right.

d.lower; left.

 

 

 

36.If Japan’s Real GDP rises, this tends to _________________ United States exports, shifting the United States AD curve to the __________________.

a.raise; right.

b.raise; left.

c.lower; right.

d.lower; left.

 

 

 

37.If Japan’s Real GDP falls, this tends to _________________ United States exports, shifting the United States AD curve to the _____________________.

a.raise; right.

b.raise; left.

c.lower; right.

d.lower; left.

 

 

 

38.If the United States goes into a recession, this tends to shift Japan’s AD curve _______________ because Japan will ___________________.

a.rightward; import less from the United States.

b.rightward; export less to the United States.

c.leftward; import less from the United States.

d.leftward; export less to the United States.

 

 

 

39.When the United States recovers from a recession, this tends to shift Germany’s AD curve _________________, which _____________ Germany’s price level.

a.rightward; raises

b.rightward; lowers

c.leftward; raises

d.leftward; lowers

 

 

 

40.Suppose a British camera has a price of 200 British pounds.  To a United States camera importer, its price rises from $360 to $380.  This might happen when the dollar ________________ against the British pound, which means the British pound has a __________ dollar price.

a.depreciates; higher

b.depreciates; lower

c.appreciates; higher

d.appreciates; lower

 

Dec 08 2019 Read more Less More

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