In 2008, the Dollar Appreciated Relative to the Euro

question 394

Multiple Choice

In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ________.

• A) a movement up along the U.S. aggregate demand curve; decrease in U.S. exports to Europe
• B) a decrease in U.S. exports to Europe; leftward shift in the U.S. aggregate demand curve
• C) an increase in U.S. exports to Europe; movement up along the U.S. aggregate demand curve
• D) a decrease in U.S. exports to Europe; a movement up along the U.S. aggregate demand curve

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Definitions:

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