If One Country Is Hit with a Shock That Increases

question 42

Multiple Choice

If one country is hit with a shock that increases its income and its demands for imported goods and services from other countries, thus increasing aggregate demand in those countries, then the business cycle is being transmitted internationally through______ effect.

• A)a trade
• B)an interest-rate
• C)an exchange-rate
• D)an expected-inflation

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Definitions:

Workplace

A location where people are employed and perform tasks related to their jobs.

Race

A social construct used to categorize humans into large and distinct populations based on physical characteristics, ancestry, genetics, or social relations.

Cultural Competency

The ability to understand, appreciate, and interact with people from cultures or belief systems different from one's own.

Automatic Response

A pre-set reply or action that is triggered by a specific event or condition, often used in email systems and customer service.