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Author Question: Net exports is negative if A) the value of exports exceeds the value of imports. B) the value of ... (Read 110 times)

itsmyluck

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on: Jun 29, 2018
Net exports is negative if
 
  A) the value of exports exceeds the value of imports.
  B) the value of imports exceeds the value of exports.
  C) the tariff payments are included in the value of imported and exported items.
  D) too much production occurs in the exporting country during the year.

Question 2

We distinguish between the long-run aggregate supply curve and the short-run aggregate supply curve. In the long run
 
  A) technology is fixed but it is not in the short run.
  B) the price level is constant but in the short run it fluctuates.
  C) the aggregate supply curve is horizontal while in the short run it is upward sloping.
  D) real GDP equals potential GDP.


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dantucker

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

B

Answer to Question 2

D


itsmyluck

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Reply #2 on: Jun 29, 2018
Thank you


dantucker

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Reply #3 on: Jun 29, 2018
No problemo


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