In the Open-Economy Macroeconomic Model,if for Some Reason Foreign Citizens

question 1

Multiple Choice

In the open-economy macroeconomic model,if for some reason foreign citizens want to purchase more U.S.goods and services at each exchange rate,then

• A)the demand for dollars in the market for foreign-currency exchange shifts right.
• B)the demand for dollars in the market for foreign-currency exchange shifts left.
• C)the supply of dollars in the market for foreign-currency exchange shifts right.
• D)the supply of dollars in the market for foreign-currency exchange shifts left.

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Definitions:

ΣX

Represents the sum of all values in a given data set.

n

Represents the number of observations or data points in a sample used for statistical analysis.

M

Often used to represent the mean or average value of a set of scores or measurements.

Population Size

The total count of individuals or entities to be studied or observed in a given population.