7.A Investment spending A. responds more dramatically to changes in interest rates than to changes in business confidence, expectations, or technology. B. typically increases when the interest rate falls. C. does not respond to short-term interest rates. D. responds negatively to technical change and product innovation.
7.A Investment spending
| A. |
responds more dramatically to changes in interest rates than to changes in business confidence, expectations, or technology. |
|
| B. |
typically increases when the interest rate falls. |
|
| C. |
does not respond to short-term interest rates. |
|
| D. |
responds negatively to technical change and product innovation. |
7.B Net exports in the United States
| A. |
will fall if prices in the United States rise relative to other nations' prices. |
|
| B. |
will fall if China reduces trade barriers against the United States. |
|
| C. |
will increase if prices in the United States rise relative to other nations' prices. |
|
| D. |
will increase if the price level in China declines. |
| A. |
a shift in AS to the left |
|
| B. |
a shift in AS to the right |
|
| C. |
a shift to the left in either AS or AD |
|
| D. |
a shift of AD to the right |
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