Suppose the U

question 65

Multiple Choice

Suppose the U.S. economy is producing at the natural rate of output. An appreciation of the U.S. dollar will cause ________ in real GDP in the short run and ________ in inflation in the short run,everything else held constant. (Assume the appreciation causes no effects in the supply side of the economy. )

• A)an increase;an increase
• B)a decrease;a decrease
• C)no change;an increase
• D)no change;a decrease

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Definitions:

Observable

Something that can be seen, noticed, or perceived through direct observation or measurement.

Examination Method

A system or technique used to assess skills, knowledge, or condition through tests or observations.

Airborne Droplets

Small particles of moisture expelled from the respiratory tract during coughing, sneezing, or talking that may contain pathogens and transmit diseases.

Tuberculosis (TB)

An infectious bacterial disease characterized by the growth of nodules (tubercles) in the tissues, especially the lungs.