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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 29
Other things equal, a leftward shift of the demand curve in this figure:
A) would depreciate the dollar.
B) would create a shortage of pounds at the previous price of $2 for £1.
C) might be caused by a major recession in the United States.
D) might be caused by a significant rise of real interest rates in Britain.
A) would depreciate the dollar.
B) would create a shortage of pounds at the previous price of $2 for £1.
C) might be caused by a major recession in the United States.
D) might be caused by a significant rise of real interest rates in Britain.
Explanation
Verified
Verified
Hence, the correct answer is c. might be...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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