An Appreciation of the U

question 88

Multiple Choice

An appreciation of the U.S. dollar makes foreign goods cheaper relative to American goods,resulting in a ________ in net exports in the U.S. and a ________ shift of the IS curve in the U.S. ,everything else held constant.

• A)fall;leftward
• B)rise;leftward
• C)fall;rightward
• D)rise;rightward

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Definitions:

Null Hypothesis

A default statement that there is no effect or no difference, used as a starting point for statistical hypothesis testing.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution.

Chi-square Statistic

A statistical measure used to determine if there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.

Wearing Glasses

The act of using corrective lenses mounted in frames that rest on the face to improve vision or protect the eyes.