If Inflation in New Zealand Suddenly Increased While U

question 56

Multiple Choice

If inflation in New Zealand suddenly increased while U.S. inflation stayed the same, there would be:​

• A) ​an inward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
• B) ​an outward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.
• C) ​an outward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
• D) ​an inward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.

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Definitions:

Magnetic Field

A region around a magnetic material or a moving electric charge within which the force of magnetism acts.

Dalton's Law

The principle that the total pressure exerted by a mixture of gases is equal to the sum of the partial pressures of the individual gases.

Total Pressure

The sum of all partial pressures of gases in a mixture, in accordance with Dalton’s Law.

Total Pressure

The sum of the partial pressures of all gases in a mixture, in accordance with Dalton's law of partial pressures.