16)The slope of the aggregate demand curve is determined by the monetary policy response to _____.

a.The stage of the business cycle.

b.Changes in autonomous expenditure.

c.Transitory variations in the inflation rate.

d.Permanent variations in the inflation rate.

17)Country A saw its population double but its capital stock remain the same and country B saw its population remain the same but its capital stock double. At first, the two countries had the same level of per capita GDP. Now, ...

a.Country B's is higher than country A's.

b.Country A's is higher than country B's.

c.Country A's is equal to country B's, but neither is richer than before.

d.Country A's is equal to country B's and both are richer than before.

18)In December 2019, C$1.33 = US$1 and in December 2020, C$1.25 = US$1.

a.All things equal, Canada increased its foreign direct investment in the US.

b.The Canadian dollar depreciated in 2020.

c.The Canadian dollar appreciated in 2020.

d.All things equal, Canada's trade balance improved in 2020.