In 2008, the Dollar Appreciated Relative to the Euro

Multiple Choice

In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ________.

A) a movement up along the U.S. aggregate demand curve; decrease in U.S. exports to Europe
B) a decrease in U.S. exports to Europe; leftward shift in the U.S. aggregate demand curve
C) an increase in U.S. exports to Europe; movement up along the U.S. aggregate demand curve
D) a decrease in U.S. exports to Europe; a movement up along the U.S. aggregate demand curve