« previous next »

Author Question: An increase in aggregate demand due to higher foreign income will cause: a. domestic equilibrium ... (Read 95 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 30, 2018
An increase in aggregate demand due to higher foreign income will cause:
 a. domestic equilibrium GDP to increase.
  b. domestic equilibrium GDP to decrease.
  c. domestic prices to fall.
  d. foreign prices to fall.
  e. foreign equilibrium GDP to fall.

Question 2

The best test of an economic theory is:
 a. the rigor of its mathematical formulation.
  b. its ability to explain and predict.
 c. the accuracy of its assumptions.
 d. the level of real-world detail it captures.


Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

The Head Start program was designed to increase the school readiness of low-income children. The Head Start program was designed to increase the school readiness of low-income children.
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Central Nervous System Animation

For a complete list of videos, visit our video library