How Does an Increase in the Real Exchange Rate Affect

question 60

Multiple Choice

How does an increase in the real exchange rate affect exports and imports?

• A) exports increase; imports decrease
• B) exports decrease; imports increase
• C) exports increase; imports change ambiguously
• D) exports change ambiguously; imports decrease
• E) exports increase; imports are constant

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Definitions:

National Labor Relations Board

An independent federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.

Lockout

An employer's exclusion of workers from a workplace until they meet certain conditions.

Bargaining Structure

The framework within which labor negotiations and collective bargaining between employers and employees or their representatives take place.

Corporate Campaigns

Bringing public, financial, or political pressure on employers during union organization and contract negotiation.