An Increase in Net Export Spending Will Result in A(n)

question 58

Multiple Choice

An increase in net export spending will result in a(n)

• A) increase in aggregate demand.
• B) increase in aggregate supply.
• C) decrease in aggregate supply.
• D) decrease in aggregate demand.

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Definitions:

Quantity Effect

The impact on total revenue or expenditure when the quantity sold of a good or service changes, holding its price constant.

Motor Homes

Recreational vehicles equipped with living quarters and amenities found in a home, used for traveling or camping.

Retailing

Retailing refers to the selling of goods and services directly to consumers for personal, non-business use.

Downward-Sloping

Refers to a line or curve on a graph that moves from the upper left to the lower right, indicating a negative relationship between two variables.