A Rise in Net Exports Shifts the Aggregate

question 31

Multiple Choice

A rise in net exports shifts the aggregate

• A)demand curve inward.
• B)demand curve outward.
• C)supply curve outward.
• D)supply curve inward.

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Definitions:

Nominal Wage Rate

The amount of money paid per hour, day, or other unit of work, without adjusting for inflation.

Profit-maximizing

The method or approach of modifying production and sales to maximize profits.

Output

The total amount of goods or services produced by a company, industry, or economy.

Persimmon Orchard

A Persimmon Orchard is a plantation or area specifically dedicated to growing persimmon trees, which bear the edible fruit known as persimmons.