In the Short-Run,any Rise in the Real Exchange Rate,EP

question 107

Multiple Choice

In the short-run,any rise in the real exchange rate,EP /P,will cause

• A)an upward shift in the aggregate demand function and a reduction in output.
• B)an upward shift in the aggregate demand function and an expansion of output.
• C)a downward shift in the aggregate demand function and an expansion of output.
• D)an downward shift in the aggregate demand function and a reduction in output.
• E)an upward shift in the aggregate demand function but leaves output intact.

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