Author Question: In the figure above, as the price level increases, the aggregate demand curve will A) shift from ... (Read 54 times)

silviawilliams41 · **on:** Jun 29, 2018

In the figure above, as the price level increases, the aggregate demand curve will

A) shift from AD1 to AD3 and then back to AD1.
B) shift from AD1 to AD3.
C) shift from AD1 to AD2.
D) not shift, but the aggregate demand curve will change so that it is positively sloped.
E) not shift.

Question 2

As the dollar depreciates relative to the Russian ruble, U.S. goods become cheaper for Russians to purchase. Therefore, in the foreign exchange market, the

A) supply curve of dollars is downward sloping. B) demand curve for dollars is downward sloping.
C) demand curve for euros is upward sloping. D) supply curve of euros is downward sloping.