Other Things Equal, If the National Incomes of the Major

question 230

Multiple Choice

Other things equal, if the national incomes of the major trading partners of the United States were to rise, the U.S.

• A) aggregate demand curve would shift to the right.
• B) aggregate supply curve would shift to the left.
• C) aggregate supply curve would shift to the right.
• D) aggregate demand curve would shift to the left.

---

Definitions:

Trade Restrictions

Measures imposed by governments to control the exchange of goods and services across borders, often to protect domestic industries.

U.S. Consumers

Individuals or groups within the United States who purchase goods and services for personal use.

Import Quota

An Import Quota is a government-imposed limit on the quantity or monetary value of a specific good that can be imported into a country within a specified time frame.

U.S. Treasury

The federal department responsible for managing government revenue, executing fiscal policy, and producing currency and government bonds.