In a Two-Country World,a Decrease in Foreign Input Prices,ceteris Paribus

question 153

Multiple Choice

In a two-country world,a decrease in foreign input prices,ceteris paribus,

• A) shifts the SRAS curve leftward,causing the price level to increase.
• B) shifts the SRAS curve leftward,causing the price level to decrease.
• C) shifts the SRAS curve rightward,causing the price level to increase.
• D) shifts the SRAS curve rightward,causing the price level to decrease.
• E) does not affect the SRAS curve or the price level.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.

Chart of Accounts

An organized list of all accounts in an entity’s financial system, used for classifying transactions.

Numbering System

A structured method for assigning unique identifiers to items to facilitate organization, tracking, and retrieval.

Identification

The process of recognizing or establishing the identity of a person or thing.