If the Government of Kenya Implemented a Policy That Decreased

question 181

Multiple Choice

If the government of Kenya implemented a policy that decreased national saving, its real exchange rate would

• A)depreciate and Kenyan net exports would rise.
• B)depreciate and Kenyan net exports would fall.
• C)appreciate and Kenyan net exports would rise.
• D)appreciate and Kenyan net exports would fall.

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Definitions:

Relatively Old

A term referring to an object, person, or concept that is considerably aged compared to others in its category.

Millionaire Status

The state of having net assets or a net worth equal to or greater than one million units of a currency.

Modest Income

An income level that is considered to be average or slightly below average in a specific context or community.

Older Workers

Individuals in the workforce who are typically considered to be in the later stage of their working life, often characterized as being near or beyond the traditional retirement age.