Other Things the Same,in the Open-Economy Macroeconomic Model,if the Exchange

question 45

Multiple Choice

Other things the same,in the open-economy macroeconomic model,if the exchange rate rises,

• A)the demand for dollars shifts left.
• B)the demand for dollars shifts right.
• C)the quantity of dollars demanded falls.
• D)the quantity of dollars demanded rises.

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Definitions:

Cuban Crisis

Refers to the Cold War confrontation between the United States and the Soviet Union in 1962, known as the Cuban Missile Crisis, over Soviet missiles in Cuba.

Western Hemisphere

The half of the Earth that includes the Americas, lying west of the Prime Meridian and east of the International Date Line.

Venezuelan Crisis

A period of political, social, and economic turmoil in Venezuela, leading to widespread shortages of essentials, hyperinflation, and a mass exodus of Venezuelan citizens.

Major Powers

Countries that have significant influence on global affairs due to their economic, military, and diplomatic strengths.