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    Introduction to International Economics
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    Exam 13: Automatic Adjustments With Flexible and Fixed Exchange Rates
  5. Question
    The US Supply Curve May Be Vertical or Negatively Sloped
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The US Supply Curve May Be Vertical or Negatively Sloped

Question 22

Question 22

Multiple Choice

The US supply curve may be vertical or negatively sloped if the foreign demand for US exports in terms of euros is __________.


A) sufficiently elastic
B) sufficiently inelastic
C) unit elastic
D) zero

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