If Speculators Bid Up the Value of the U

question 39

Multiple Choice

If speculators bid up the value of the U.S.dollar in the market for foreign exchange,then

• A)U.S.goods become more expensive relative to foreign goods so aggregate demand shifts right.
• B)U.S.goods become less expensive relative to foreign goods so aggregate demand shifts right.
• C)U.S.goods become more expensive relative to foreign goods so aggregate demand shifts left.
• D)U.S.goods become less expensive relative to foreign goods so aggregate demand shifts left.

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Definitions:

Anatomical Direction

Terms used to describe the locations and orientations of structures within the body relative to other structures or locations, such as anterior, posterior, superior, and inferior.

Inferior

Anatomical term meaning below or closer to the feet; also called caudal.

Chemical Reactions

Processes that involve the rearrangement of molecular or ionic structure of substances, resulting in the formation of one or more new products.

Matter

Anything that occupies space and has mass, composed of atoms and molecules and existing in solid, liquid, gas, or plasma states.