Consider a Simple Macro Model with Demand-Determined Output

question 53

Multiple Choice

Consider a simple macro model with demand-determined output.An exogenous increase in the domestic price level will

• A)shift both the net export function and the AE curve upward.
• B)shift the net export function upward and the AE curve downward.
• C)shift both the net export function and the AE curve downward.
• D)shift the net export function downward and the AE curve upward.
• E)pivot the net export function and the AE curve upward.

---

Definitions:

Asexuality

Lack of sexual attraction to another person.

Chastity

The act of refraining from all forms of sexual intercourse as a measure of self-control or due to religious and cultural beliefs.

Celibacy

The condition of refraining from entering into marriage and engaging in sexual activities.

Dysfunctionality

The state of not functioning normally or adequately, especially in the context of social behaviors and relationships.