Figure 32-3 Refer to the Following Diagram of the Open-Economy Macroeconomic Model

question 99

Multiple Choice

Figure 32-3
Refer to the following diagram of the open-economy macroeconomic model to answer the questions that follow.
​
Graph (a)
Graph (b) Graph (c) ​
-Refer to Figure 32-3. Which curve shows the relation between the exchange rate and net exports?

• A)The demand curve in graph (a).
• B)The demand curve in graph (c).
• C)The supply curve in graph (a).
• D)The supply curve in graph (c).

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Definitions:

Inheritance of Power

refers to the transfer of authority, control, or influence over others from one generation to another within families, dynasties, or organizations.

Rational Thoughts

The process of thinking clearly, logically, and without emotional bias.

Traditional Authority

A type of leadership in which the authority of an organization or a ruling regime is largely tied to tradition or custom.

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