If Banks and Speculators in the U

question 130

Multiple Choice

If banks and speculators in the U.S.decided to exchange U.S.dollars for the foreign currencies of other countries,but foreigners do not desire to increase their holdings of U.S.dollars,then U.S.net exports would

• A)rise and aggregate demand would shift left.
• B)rise and aggregate demand would shift right.
• C)fall and aggregate demand would shift left.
• D)fall and aggregate demand would shift right.

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Definitions:

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.

Per Capita Income

The average income earned per person in a given area in a specified year, often used to gauge the economic prosperity of a population.

Tariff Barriers

Taxes imposed on imported goods to protect domestic industries from foreign competition and raise government revenue.

Exploiting

Taking unfair advantage of a person, group, or situation for one's own benefit, often ethically or legally questionable.