In the Open-Economy Macroeconomic Model,if for Some Reason Foreign Citizens

question 1

Multiple Choice

In the open-economy macroeconomic model,if for some reason foreign citizens want to purchase more U.S.goods and services at each exchange rate,then

• A)the demand for dollars in the market for foreign-currency exchange shifts right.
• B)the demand for dollars in the market for foreign-currency exchange shifts left.
• C)the supply of dollars in the market for foreign-currency exchange shifts right.
• D)the supply of dollars in the market for foreign-currency exchange shifts left.

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Definitions:

Homeostasis

The process by which living organisms regulate their internal environment to maintain stable, life-supporting conditions.

Constant Internal State

The concept of maintaining a stable, consistent internal environment in an organism, also known as homeostasis.

An Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli that is unlearned.

An Instinct

A fixed, innate pattern of behavior in animals in response to certain stimuli.