Assume that a country has a domestic demand curve defined as Qd = ...

[123654777]

Assume that a country has a domestic demand curve defined as Qd = 100 - 2P and a domestic supply curve defined as Qs = -20 + 3P. What is the country's import demand curve (Qm)?
 
  What will be an ideal response?

Question 2

An expenditure-changing policy
 
  A) alters the direction of the economy's total demand for goods and services.
  B) alters the level of the economy's total demand for goods and services.
  C) has no effect on aggregate demand.
  D) is the same thing as an expenditure-switching policy.
  E) affects aggregate supply but not aggregate demand.

[mcni194]

Answer to Question 1

Qm = Qd - Qs = (100 - 2P) - (-20 + 3P) = 120 - 5P

Answer to Question 2

B

[123654777]

Excellent

[scottmt]

Great answer, keep it coming