Other things being equal, appreciation of the dollar
A) increases aggregate demand in the United States, and may decrease aggregate supply by reducing the prices of imported resources.
B) increases aggregate demand in the United States, and may increase aggregate supply by reducing the prices of imported resources.
C) decreases aggregate demand in the United States, and may decrease aggregate supply by increasing the prices of imported resources.
D) decreases aggregate demand in the United States, and may increase aggregate supply by reducing the prices of imported resources.
Question 2
A government budget surplus occurs during a budget year when
A) tax revenues = government spending.
B) tax revenues + government spending = personal income.
C) tax revenues > government spending.
D) tax revenues < government spending.
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