A Downward Shift and Steepening of the Net Export (NX)function

question 32

Multiple Choice

A downward shift and steepening of the net export (NX) function can be caused by

• A)an increase in domestic national income.
• B)a decrease in foreign national income.
• C)an increase in domestic prices relative to foreign prices.
• D)a decrease in the Canadian-dollar price of foreign currency.
• E)both C and D are correct.

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