In the Open Economy Macroeconomic Model,the Amount of Dollars Demanded

question 50

Multiple Choice

In the open economy macroeconomic model,the amount of dollars demanded in the market for foreign-currency exchange at a given real exchange rate increases if

• A)either U.S.imports or exports increase.
• B)either U.S.imports or exports decrease.
• C)either U.S.imports increase or U.S.exports decrease.
• D)either U.S.imports decrease or U.S.exports increase.

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Definitions:

Century BCE

A term used to denote years before the Common Era, typically used in historical context.

Hedonist

An individual who believes that the pursuit of pleasure is the most important goal in life.

Pleasure

A state of feeling happy, satisfied, or enjoyable.

Sole Good

The concept in ethics that there is only one ultimate value or good towards which all actions are directed.