contestada

A rise in foreign real national income tends to raise u.s. __________, shifting the u.s. ad curve to the ___

Respuesta :

A rise in foreign real national income tends to raise u.s. exports, shifting the u.s. ad curve to the right.

What is real national income?

  • Nominal or money national income (output) adjusted for inflation is referred to as real national income.

  • At constant prices, it is also national income. Gross Domestic Product (GDP) is the most commonly used measure of national income (GDP).

What is the aggregate demand (AD) curve?

  • The aggregate demand curve depicts the total amount of goods (and services) demanded by the economy at various price levels.

  • The GDP deflator or the CPI are both used to calculate the aggregate price level.

  • The horizontal axis represents the total amount of goods and services purchased, as measured by the level of real GDP.

  • The aggregate demand curve, AD, is downward sloping, as are the demand curves for individual goods, implying that there is an inverse relationship between the price level and the quantity demanded of real GDP.

To know more about national income, refer to:

https://brainly.com/question/20519015

#SPJ4

Otras preguntas