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:

Category

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Antitrust Law

Legislation aimed at preventing anti-competitive practices, monopolies, and other actions that restrict or distort market competition.

Economic Efficiency

A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Chicago School

An economic school of thought advocating for minimal government intervention in markets, emphasizing the importance of free-market principles.