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Author Question: In the figure above, as the price level increases, the aggregate demand curve will A) shift from ... (Read 80 times)

silviawilliams41

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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.



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Anonymous

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Answer to Question 1

E

Answer to Question 2

B




silviawilliams41

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


nguyenhoanhat

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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