An Increase in Incomes of the Countries That Purchase U

question 271

Multiple Choice

An increase in incomes of the countries that purchase U.S.-made products will cause a(n) _____ in the _____ U.S.-made products.

• A) decrease; aggregate demand for
• B) increase; short-run aggregate supply of
• C) increase; aggregate demand for
• D) decrease; short-run aggregate supply of

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Definitions:

Pesos

The currency used in several countries, including Mexico and the Philippines, often symbolized by "$".

Dollar

A unit of currency used in various countries, most notably the United States, represented by the symbol $.

Goods and Services

Physical items (goods) and intangible benefits (services) that satisfy human wants or needs.

Assets Abroad

Refers to any form of wealth or resources owned by individuals or entities in foreign countries.