An Appreciation of the U

question 88

Multiple Choice

An appreciation of the U.S. dollar makes foreign goods cheaper relative to American goods,resulting in a ________ in net exports in the U.S. and a ________ shift of the IS curve in the U.S. ,everything else held constant.

• A)fall;leftward
• B)rise;leftward
• C)fall;rightward
• D)rise;rightward

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Definitions:

µ ≠ 3

A statistical notation indicating the hypothesis that the population mean is not equal to 3.

Null Hypothesis

A default hypothesis that there is no effect or no difference, used as a starting point for statistical testing.

µ = 3

A notation indicating that the mean (average) of a certain dataset or population is equal to 3.

'>' Symbol

A mathematical symbol denoting that the value on the left is greater than the value on the right.