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Author Question: If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts ... (Read 93 times)

CORALGRILL2014

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on: Jun 29, 2018
If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts leftward, the equilibrium
 
  A) price of bottled water definitely increases.
  B) price of bottled water definitely decreases.
  C) quantity of bottled water definitely increases.
  D) quantity of bottled water definitely decreases.

Question 2

If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run what will happen to aggregate demand, the price level, and real GDP in the U.S.?
 
  What will be an ideal response?


batool

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

Net exports increase so U.S. aggregate demand increases. The U.S. price level and real GDP both increase.


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CORALGRILL2014

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Reply #2 on: Jun 29, 2018
Correct answers!


batool

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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