Author Question: The net effect of a stronger dollar on real GDP is A) an increase in the price level. B) ... (Read 101 times)

Wadzanai · **on:** Jun 30, 2018

The net effect of a stronger dollar on real GDP is

A) an increase in the price level.
B) dependent on whether the increase in aggregate supply is more or less than the decrease in aggregate demand.
C) a decrease in real GDP.
D) an increase in real GDP.

Question 2

For a closed economy with no government, we know that at every level of GDP actual investment equals

A) the difference between planned investment and actual saving.
B) the difference between planned saving and actual saving.
C) planned investment.
D) planned saving.