Figure 36-3 ​

question 160

Multiple Choice

Figure 36-3
​
-Which of the situations illustrated in Figure 36-3 shows the effects of a currency appreciation leading to a recession?

• A)1
• B)2
• C)3

---

Definitions:

Stability

The state of being steady and unchanging, often used to describe economic, political, or social conditions that are consistently reliable and free from upheaval or disorder.

Panama Canal Zone

The small strip of land on either side of the Panama Canal. The Canal Zone was under U.S. control from 1903 to 1979 as a result of Theodore Roosevelt’s assistance in engineering a coup in Colombia that established Panama’s independence.

International Progressivism

A political and social movement that advocates for reforms on a global scale, focusing on issues like environmental protection, human rights, and economic inequality.

Liberal Internationalism

A foreign policy doctrine that argues for the role of cooperation and democracy in international relations, often associated with the promotion of global peace and justice.