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Author Question: In the figure above, the shift in the aggregate demand curve from AD1 to AD3 could be the result of ... (Read 34 times)

jake

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on: Jun 29, 2018
In the figure above, the shift in the aggregate demand curve from AD1 to AD3 could be the result of an increase in
 
  A) the price level.
  B) foreign incomes.
  C) aggregate supply.
  D) the foreign exchange rate.
  E) expected future income.

Question 2

The above figure shows the production possibility frontier for a country. Suppose the country is producing at point A. What is the opportunity cost of increasing the production of rice to 12 tons?
 
  A) 6 thousand bottles of wine
  B) 9 thousand bottles of wine
  C) 15 thousand bottles of wine
  D) 12 tons of rice
  E) Nothing, it is a free lunch.


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brbarasa

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

D

Answer to Question 2

A


jake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Liddy

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Reply 3 on: Yesterday
Excellent

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