Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer fast pls QUESTION 7 In the case of the US economy, match the real events with the AD/AS shifting factors. The Dow Jones Industrial

Answer fast pls

image text in transcribed
QUESTION 7 In the case of the US economy, match the real events with the AD/AS shifting factors. The Dow Jones Industrial Index, which represents the average A. Productivity effect stock prices of the largest companies in the US, and a close B. Input price effect indicator of wealth, dropped 12% last week. C. Expectation of lower income in the future In 2020, the US consumer expenditure in durable goods D. Exchange Rates effect decreased by 8%. E. Foreign Income effect The World Bank announced a world economic recession that F. Institution effect will continue throughout 2021. G. Domestic income effect In the past two months, the dollar gained value against the Euro and the Yen. In the last quarter, production per worker increased by 9% in the manufacturing industry. Oil prices quadrupled in the past three weeks. The government reduced the "red tape", facilitating the development of new businesses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Economics questions