Multiple Choice
If the average income per U.S.worker decreases while that of Japanese workers remains unchanged,then the demand curve for Japanese yen will shift __________,which will cause the equilibrium exchange rate of the dollar price per yen to __________,which is the same thing as saying that the dollar will __________.
A) rightward; rise; appreciate
B) leftward; fall; appreciate
C) rightward; rise; depreciate
D) leftward; fall; depreciate
E) rightward; fall; depreciate
Correct Answer:
Verified
Correct Answer:
Verified
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