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If Inflation in New Zealand Suddenly Increased While U

Question 56

Multiple Choice

If inflation in New Zealand suddenly increased while U.S. inflation stayed the same, there would be:​


A) ​an inward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
B) ​an outward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.
C) ​an outward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
D) ​an inward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.

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