In the Open-Economy Macroeconomic Model, Other Things the Same, When

question 136

True/False

In the open-economy macroeconomic model, other things the same, when a U.S. resident imports a foreign good, the demand for dollars in the foreign-currency exchange market decreases.

---

Definitions:

Skinner

B.F. Skinner, an influential American psychologist, known for his work in behaviorism and the development of the operant conditioning theory.

Behaviour

The actions or reactions of an object or organism, usually in relation to the environment or stimuli.

Faculty Member

An academic staff or educator belonging to a college, university, or institute who is involved in teaching, research, and possibly administrative duties.

Theorist

An individual who formulates theories or hypotheses, often in the context of scientific, philosophical, or social studies research.