Suppose That Last Year $1 U

question 91

Multiple Choice

Suppose that last year $1 U.S. exchanged for 1.35 euros. If this year $1 exchanges for 1.25 euros, then we can conclude that

• A) the dollar is weaker this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) curve to shift to the left.
• B) the dollar is weaker this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) to shift to the right.
• C) the dollar is stronger this year than it was last year and this will cause the United States' short-run aggregate supply (SRAS) curve to shift to the left.
• D) the dollar is weaker this year than it was last year but this will have no impact on the United States' short-run aggregate supply (SRAS) curve.

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Definitions:

Anthropomorphic

Refers to attributing human characteristics or behavior to a god, animal, or object.

Abstract

Abstract refers to an intellectual concept or a summary of a research paper; it involves thinking about ideas and concepts that are not physically tangible.

Arbitrary Rules

Regulations or principles set without any logical basis, often relying on personal decisions rather than a systematic process.

Sociodramatic Play

A type of play that involves acting out roles and scenarios, often reflecting real-life situations, which helps children develop social and communication skills.