Multiple Choice
Suppose the exchange rate in the year 2017 was 5 yuan per dollar and in 2018 the exchange rate fell to 4 yuan per dollar. If the price of a Chinese jumper was 120 yuan in both years, the new dollar price in 2018 would be ________ and imports of Chinese jumpers would ________.
A) $40; decrease
B) $40; stay the same because the price stayed the same at 120 yuan
C) $30; increase
D) $40; increase
E) $30; decrease
Correct Answer:
Verified
Correct Answer:
Verified
Q20: When the price level rises and increases
Q21: A fall in the price level produces
Q22: Which of the following shifts the aggregate
Q23: An economy experiences a recessionary gap. As
Q24: If the equilibrium price level is 135
Q26: Which of the following produces a movement
Q27: When the price level increases there is
Q28: If profits are high because the price
Q29: If the aggregate demand curve and the
Q30: An economy is at a full-employment equilibrium,