If the International Value of the Dollar Rises, the

question 197

Multiple Choice

If the international value of the dollar rises, the

• A)aggregate demand curve will shift inward.
• B)aggregate supply curve will shift outward.
• C)U.S.price level will fall.
• D)All of the above are correct.

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Definitions:

Merchandise

Goods that are purchased for resale at a profit; the main product that a retailer sells.

Sales on Account

Transactions where goods are sold and payment is deferred to a future date; this is typically tracked through accounts receivable.

Beginning Inventory

The value of a company's inventory at the start of an accounting period, before any purchases or sales have occurred.

Projected Sales

An estimate of the amount of revenue that a company expects to earn in a future period from the sale of goods or services.