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Answer:

Across
1a decrease in the value of one currency relative to other currencies; PP$ down -> US Ex down US Im up -> Nx down -> AD down
3the qty of all goods & services (Real GDP) at _____ price levels, ceteris paribus; represents spenders
4the changes in foreign _____ spending as the PL changes; PL down, PP$ up Qty up (buy more) US goods & PL up, PP$ down Qty down (buy less) US goods; house to house movement
Down
2downward slope b/c 1. real balance _____ (wealth), 2. interest rate effect, 3. int'l (foreign) trade effect; inverse relationship between the Price level & the qty demanded of Real GDP
 
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Created by: katt61
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