If the SRAS Curve Is Positively Sloped,then a Decrease in the Demand

question 131

Multiple Choice

If the SRAS curve is positively sloped,then a decrease in the demand for Canadian-made goods in Europe will lead to ___________ in the price level,in the short run.

• A) an increase
• B) a decrease
• C) no change
• D) either an increase or a decrease
• E) an initial increase,and then a decrease

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Definitions:

De Jure Corporation

A corporation that has fully complied with all legal requirements for its establishment, and thus has legal recognition.

Corporation by Estoppel

A legal doctrine that prevents a party from denying the corporation's existence if they have dealt with it as if it were a legal corporation.

Subchapter S Corporation

A form of corporation in the United States that is taxed under Subchapter S of the Internal Revenue Code, allowing profits to be taxed at the shareholder level rather than at the corporate level.

Domestic Corporation

A corporation that is incorporated and operates in its country of origin, adhering to the laws and regulations of that country.