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Figure 32-3 Refer to the Following Diagram of the Open-Economy Macroeconomic Model

Question 171

Multiple Choice

Figure 32-3
Refer to the following diagram of the open-economy macroeconomic model to answer the questions that follow.
​
Graph (a)
Graph (b) Figure 32-3 Refer to the following diagram of the open-economy macroeconomic model to answer the questions that follow. ​ Graph (a) Graph (b) Graph (c) ​ -Refer to Figure 32-3. Suppose that the government goes from a budget surplus to a budget deficit. The effects of the change could be illustrated by shifting the A) demand curve in panel a to the right and the demand curve in graph (c) to the left. B) demand curve in panel a to the left and the supply curve in graph (c) to the left. C) supply curve in panel a to the right and the demand curve in graph (c) to the right. D) supply curve in panel a to the left and the supply curve in graph (c) to the left. Figure 32-3 Refer to the following diagram of the open-economy macroeconomic model to answer the questions that follow. ​ Graph (a) Graph (b) Graph (c) ​ -Refer to Figure 32-3. Suppose that the government goes from a budget surplus to a budget deficit. The effects of the change could be illustrated by shifting the A) demand curve in panel a to the right and the demand curve in graph (c) to the left. B) demand curve in panel a to the left and the supply curve in graph (c) to the left. C) supply curve in panel a to the right and the demand curve in graph (c) to the right. D) supply curve in panel a to the left and the supply curve in graph (c) to the left. Graph (c) Figure 32-3 Refer to the following diagram of the open-economy macroeconomic model to answer the questions that follow. ​ Graph (a) Graph (b) Graph (c) ​ -Refer to Figure 32-3. Suppose that the government goes from a budget surplus to a budget deficit. The effects of the change could be illustrated by shifting the A) demand curve in panel a to the right and the demand curve in graph (c) to the left. B) demand curve in panel a to the left and the supply curve in graph (c) to the left. C) supply curve in panel a to the right and the demand curve in graph (c) to the right. D) supply curve in panel a to the left and the supply curve in graph (c) to the left. ​
-Refer to Figure 32-3. Suppose that the government goes from a budget surplus to a budget deficit. The effects of the change could be illustrated by shifting the


A) demand curve in panel a to the right and the demand curve in graph (c) to the left.
B) demand curve in panel a to the left and the supply curve in graph (c) to the left.
C) supply curve in panel a to the right and the demand curve in graph (c) to the right.
D) supply curve in panel a to the left and the supply curve in graph (c) to the left.

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