Multiple Choice
The exchange rate last year was $1 = 1.1 euros. This year it is $1 = 1.2 euros. We can say that the value of the dollar
A) fell; causing net exports to increase and aggregate demand to rise.
B) fell; causing net exports to decrease and aggregate demand to fall.
C) increased; causing net exports to decrease and aggregate demand to fall.
D) increased; causing net exports to decrease and aggregate demand to rise.
Correct Answer:
Verified
Correct Answer:
Verified
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