All Else Equal, an Increase in Imports Will Shift the Aggregate

question 154

Multiple Choice

All else equal, an increase in imports will shift the aggregate expenditures curve:

• A)upward and the aggregate demand curve rightward.
• B)upward and the aggregate demand curve leftward.
• C)downward and the aggregate demand curve rightward.
• D)downward and the aggregate demand curve leftward.

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Definitions:

Cognitive Development

The development of thought processes, including remembering, problem-solving, and decision-making, from childhood through adolescence to adulthood.

Acquisition

The process of gaining knowledge, skills, competencies, or assets, encompassing both learning and obtaining physical goods.

Encoding

The method of transforming information into a configuration suitable for memory storage.

Automatization

The process by which a skill becomes so practiced that it can be performed with little conscious effort.