ECO 372 Final Exam | ECO 372 Final Exam Questions and Answers | Assignment E Help
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A decline in the level of aggregate dem<strong>and</strong>.<br />
A decline in aggregate supply.<br />
28. U.S. imports involve an:<br />
<br />
<br />
<br />
<br />
Inflow of foreign currency from foreigners to the U.S. economy<br />
Inflow of dollars from foreigners to the United States economy<br />
Outflow of foreign currency from the United States to foreigners<br />
Outflow of dollars from the United States to foreigners<br />
29. The law of dem<strong>and</strong> states that quantity dem<strong>and</strong>ed of a good is inversely<br />
related to the price of that good. Therefore, as the price of a good goes:<br />
<br />
<br />
<br />
<br />
Up, the quantity dem<strong>and</strong>ed goes down.<br />
Down, the quantity dem<strong>and</strong>ed stays the same.<br />
Up, the quantity dem<strong>and</strong>ed also goes up.<br />
Down, the quantity dem<strong>and</strong>ed goes down.<br />
30. According to Keynes, market economies:<br />
<br />
<br />
<br />
<br />
Never experience significant declines in aggregate dem<strong>and</strong>.<br />
Are constantly experiencing significant declines in aggregate dem<strong>and</strong>.<br />
May recover slowly after they experience a significant decline in aggregate<br />
dem<strong>and</strong>.<br />
Quickly recover after they experience a significant decline in aggregate<br />
dem<strong>and</strong>.<br />
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