Author Question: During 2013, exports increase from 1.0 trillion to 1.5 trillion. If the slope of the aggregate ... (Read 92 times)

ap345 · **on:** Jun 29, 2018

During 2013, exports increase from 1.0 trillion to 1.5 trillion. If the slope of the aggregate planned expenditure (AE) curve is 0.75, real GDP increases by

A) 8.0 trillion. B) 2.0 trillion. C) 6.0 trillion. D) 1.0 trillion. E) 4.0 trillion.

Question 2

Refer to Figure 19.3. At the exchange rate of 90 yen per dollar, the United States is experiencing a

A) balance of payments deficit. B) current account deficit.
C) capital account surplus. D) balance of payments surplus.