Multiple Choice
Suppose the Brazilian currency, the real, depreciates significantly. The AS/AD model predicts that this would cause a trade:
A) deficit for Brazil and shifted its AD curve left.
B) surplus for Brazil and shifted its AD curve left.
C) deficit for Brazil and shifted its AD curve right.
D) surplus for Brazil and shifted its AD curve right.
Correct Answer:
Verified
Correct Answer:
Verified
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