A) an upward-sloping long-run aggregate-supply curve.
B) a vertical long-run aggregate-supply curve.
C) an upward-sloping short-run aggregate-curve.
D) a downward-sloping aggregate-demand curve.
F) B) and C)
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B) False
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A) U.S.goods become more expensive relative to foreign goods so aggregate demand shifts right.
B) U.S.goods become less expensive relative to foreign goods so aggregate demand shifts right.
C) U.S.goods become more expensive relative to foreign goods so aggregate demand shifts left.
D) U.S.goods become less expensive relative to foreign goods so aggregate demand shifts left.
F) C) and D)
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A) aggregate supply to the right.
B) aggregate supply to the left.
C) aggregate demand to the right.
D) aggregate demand to the left.
F) A) and D)
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A) is determined by the things that determine output in the classical model.
B) is at the point where the unemployment rate is zero.
C) shifts to the right when the price level increases.
D) is at the point where the economy would cease to grow.
F) None of the above
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A) rise,so domestic residents will want to hold more foreign bonds.
B) rise,so domestic residents will want to hold fewer foreign bonds.
C) fall,so domestic residents will want to hold more foreign bonds.
D) fall,so domestic residents will want to hold fewer foreign bonds.
F) A) and C)
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