An Increase in the Value of the U

question 80

Multiple Choice

An increase in the value of the U.S.dollar relative to the Japanese yen will

• A)increase aggregate demand in the United States.
• B)decrease aggregate supply in the United States.
• C)increase aggregate demand in Japan.
• D)increase aggregate supply in Japan.

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Definitions:

Fundamental Law

A term that generally refers to laws or legal principles that are foundational or essential to the governing of a society, often embodied in a constitution.

State Legislatures

The legislative bodies in each of the United States, responsible for making state laws.

Judicial Authority

The power vested in courts and judges to interpret laws, adjudicate disputes, and enforce legal decisions.

Federalists

A political group that supported the adoption of the U.S. Constitution, favoring a strong federal government.