The US Exchange Rate Rises

question 264

Multiple Choice

The U.S. exchange rate rises. As a result, there is a

• A) movement along the U.S. aggregate demand curve but the curve does not shift.
• B) leftward shift in the U.S. aggregate demand curve.
• C) rightward shift in the U.S. aggregate demand curve.
• D) rightward shift in the long- run U.S. aggregate supply curve.

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Definitions:

Median

The middle value of a data set, where half the numbers are below and half are above this value.

Mean

The average of a set of numbers, calculated by summing all the numbers and then dividing by the count of those numbers.

Frequency Distribution

A summary of data showing how often each value occurs.

Mean

The average value obtained by dividing the sum of all values in a data set by the number of values.