A leftward shift of the BP schedule co the result of an
a. exogenous rise in import demand.
b. exogenous fall in export demand.
c. increase in the foreign demand for capital.
d. increase in the foreign interest rate.
e. both a and b.
Question 2
Which view of the causes of the Great Depression emphasizes that there is little evidence that the economy was suffering from any real shortage of money; the problems, instead, stemmed from a fall of private consumption and investment spending?
(a) The Monetarists'
(b) The Keynesians'
(c) The Austrians'
(d) The International View
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