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    Principles of Microeconomics
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    Exam 20: Exchange Rates, Balance of Payments, and International Debt
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    A Decrease in U
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A Decrease in U

Question 130

Question 130

Multiple Choice

A decrease in U.S. income would have what effect on the foreign exchange market for Israeli shekels?


A) shift its demand curve to the right
B) shift its demand curve to the left
C) shift its supply curve to the right
D) shift its supply curve to the left
E) have no effect on the demand and supply curves

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