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Author Question: If the price level increases, the AE curve shifts A) upward and the AD curve shifts leftward. B) ... (Read 110 times)

hbsimmons88

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on: Jun 29, 2018
If the price level increases, the AE curve shifts
 
  A) upward and the AD curve shifts leftward.
  B) upward and there is a movement along the AD curve.
  C) upward and the AD curve shifts rightward.
  D) downward and there is a movement along the AD curve.
  E) downward and the AD curve shifts rightward.

Question 2

The figure above shows the production possibilities frontiers for the United Kingdom and France. If the United Kingdom and France specialize and engage in trade, the United Kingdom will export ________ and France will export ________.
 
  A) fish; wheat
  B) wheat; wheat
  C) fish; fish
  D) nothing; nothing
  E) wheat; fish


rachel

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

D

Answer to Question 2

A


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