All Other Things Unchanged, What Happens If the U

question 132

Multiple Choice

All other things unchanged, what happens if the U.S. reduces its quota on sugar imports?

• A) Net exports increases and shifts the short-run aggregate supply curve to the right.
• B) Net exports decreases and shifts the short-run aggregate supply curve to the right.
• C) Net exports increases and shifts the aggregate demand curve to the right.
• D) Net exports decreases and shifts the aggregate demand curve to the left.

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Definitions:

Confidence Interval

A statistical range, with a certain probability, that is likely to contain the true value of an unknown population parameter.

Mean Height

The average height of a group of individuals.

Confidence Interval

A set of values, from sampled data, believed to contain the value of an obscure population parameter.

Sample Mean

The arithmetic average of a set of values sampled from a population, used as an estimate of the population mean.