A Decrease in the Currency Exchange Rate Would Shift the Aggregate

question 92

True/False

A decrease in the currency exchange rate would shift the aggregate demand curve rightward,resulting in a higher equilibrium income and price level in the long-run.

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Definitions:

National Industrial Recovery Act

A law enacted in 1933 in the United States to authorize the President to regulate industry in an attempt to raise prices after severe deflation and stimulate economic recovery.

NLRB v. Jones and Laughlin Steel Corporation

A landmark 1937 United States Supreme Court case that upheld the constitutionality of the National Labor Relations Act, affirming the national government's power to regulate labor relations.

Federal Mediation and Conciliation Service

A U.S. government agency that provides mediation and conciliation services to facilitate the resolution of labor disputes between unions and employers.

Voluntary Mediation

A process where parties in dispute agree to seek a resolution with the help of a neutral third-party mediator without the involvement of a court.