The Australian Exchange Rate Rises

question 60

Multiple Choice

The Australian exchange rate rises. As a result, there is a

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

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Definitions:

Compliance

The act of adhering to regulations, standards, or laws instituted by regulatory organizations or governments.

European Unification

The process of political, economic, and social integration among European countries, aiming to foster peace, stability, and prosperity.

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An economic state characterized by strong growth, low unemployment, and rising incomes, indicating a healthy and prosperous economic environment.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.