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Author Question: Define the term import. What will be an ideal response?[br][br][b][color=#9E3EA8]Question ... (Read 109 times)

frankwu

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on: Jun 30, 2018
Define the term import.
 
  What will be an ideal response?

Question 2

In the traditional Keynesian model, if the government increases government spending,
 
  A) the C + I + G + X line will shift up but the aggregate demand curve will not shift.
  B) the C + I + G + X line will shift down but the aggregate demand curve will not shift.
  C) the C + I + G + X line will shift up and the aggregate demand curve will shift to the right.
  D) the C + I + G + X line will shift down and the aggregate demand curve will shift to the left.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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ky860224

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Reply #1 on: Jun 30, 2018
Answer to Question 1

An import is a product produced in a foreign country and purchased by residents of the home country.

Answer to Question 2

C


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