Exam 23: International Finance

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

When real interest rates in the United States rise relative to real interest rates in Japan,what is the impact on the U.S.price level? Explain your answer using AD-SRAS analysis.

It is often easier to see the ___________ of globalization than it is to see the _____________.This is because the costs tend to be more ________________,while the benefits tend to be __________________.

A decrease in Japanese real interest rates causes the dollar to _____________ which tends to _______________ U.S.Real GDP.

Suppose a case of French wine has a price of 1,500 euros.To a U.S.wine importer,its price falls from $300 to $280.This could happen as a result of the dollar ___________ against the euro,which means the euro has a ____________ dollar price.

A fall in the price of foreign inputs leads to a

Suppose the dollar depreciates in the foreign exchange markets.What is the impact on U.S.Real GDP?

The _____________ the size of the potential customer base for a given product (for example,music),the ______________ is the variety of goods we are likely to see.

Suppose the price level in Germany falls,ceteris paribus.This _________________ United States net exports,ultimately shifting the United States AD curve __________________.

Two of the variables used to construct the KOF Swiss Economic Institute's economic globalization index are _______________ as a percentage of GDP,and tariff rates (the ______________ the tariff rate,the _____________ degree of economic globalization).

Between 1940 and 2000,income per person in China

A simultaneous leftward shift in SRAS and rightward shift in AD may come from the dollar _______________ in the aftermath of a ____________________ in United States real interest rates.

Between 1980 and 2000,income per person in India

Which of the following is not a result of a reduction in the federal budget deficit?

When the United States is moving downward along the J-curve,its trade balance is ______________ as an immediate after-effect of a____________________ of the dollar.

An example of offshoring is when a foreign country sets up operations in the United States and employs American employees.

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

If the United States goes into a recession,this tends to shift Japan's AD curve _______________ because Japan will ___________________.

Expansionary fiscal policy raises Real GDP more in a closed economy than in an open economy.

The United States SRAS curve may shift to the right if we ____________________ Malaysia and the dollar ________________ against the Malaysian ringgit.