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    Exam 17: Output and the Exchange Rate in the Short Run
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    When EP /P Rises
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When EP /P Rises

Question 22

Question 22

Multiple Choice

When EP When EP   /P rises A) IM will rise. B) IM will fall. C) IM may rise or fall. D) IM is not affected. E) IM and P* will both rise. /P rises


A) IM will rise.
B) IM will fall.
C) IM may rise or fall.
D) IM is not affected.
E) IM and P* will both rise.

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