Exam 36: Globalization and International Impacts on the Economy

When the United States recovers from a recession,this tends to shift Germany's AD curve _________________,which _____________ Germany's price level.

Which of the following is not an affect of a lower federal government budget deficit?

In a two-country world,the depreciation of the domestic currency shifts

A fall in the price of foreign inputs leads to a

When the dollar appreciates,this shifts the AD curve leftward and the SRAS curve rightward,which will typically lead to an unchanged Real GDP.

As the dollar appreciates,the foreign price of United States goods ______________,ultimately shifting the United States AD curve ________________.

The average tariff rate in the US today is about 40 percent,but it was only 1.6 percent in 1946.

If United States real interest rates rise,international repercussions put ____________ pressure on the price level and _______________ pressure on Real GDP in the United States.

The J-curve summarizes the phenomenon that occurs when import spending initially falls after a depreciation of a country's currency and then import spending later rises.

If a country's currency depreciates,it takes more of that country's currency to buy the other country's currency.

One study from the United Kingdom (cited in the textbook)showed that almost ______ times as many firms that faced global competition reported innovations in product or process compared to firms that did not face global competition.

A depreciation in the dollar relative to the yen would make input X (produced in Japan)more expensive for U.S.producers.

A rise in the price of foreign inputs leads to a

An expansionary monetary policy causes interest rates to _____________________,and eventually United States net exports ____________ causing the AD curve to shift to the ___________________.

International feedback effects ________________ the effect on the unemployment rate of __________________ monetary policy.

With globalization,the world is moving from hundreds of national economies toward one large world economy.

Fifteen years ago,China _________________ with the countries of Europe.Today,China ______________________ most European countries.

In a two-country world,the appreciation of the domestic currency shifts

Lower real interest rates in the United States (relative to foreign real interest rates)will lead to a(n)________________ of the dollar and a ______________ shift of the U.S.SRAS curve.

If Germany's Real GDP falls,this tends to ______________ United States exports,shifting the United States AD curve to the ________________.