When the Dollar Appreciates, the Prices of Imported Inputs

question 179

Multiple Choice

When the dollar appreciates, the prices of imported inputs

• A)fall and aggregate supply shifts outward.
• B)fall and aggregate supply shifts inward.
• C)rise and aggregate supply shifts outward.
• D)rise and aggregate supply shifts inward.

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Definitions:

Grams

A unit of mass in the metric system, equal to one thousandth of a kilogram.

Kilogram

A base unit of mass in the International System of Units (SI), equal to 1,000 grams or approximately 2.20462 pounds.

Milliliter

A unit of volume in the metric system, equivalent to one-thousandth of a liter.

Gram

An alternative definition: A basic unit of weight in the metric system equivalent to approximately 0.035 ounces.