Assume that Country X and Country Y are trading partners and the exchange rates are fixed.If prices in Country Y rise, all of the following are expected to happen except
A) Country X will export more.
B) Country Y will import more.
C) net exports will rise for Country X.
D) trade will boost the GDP of Country Y.
Correct Answer:
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Q62: Figure 36-3 Q63: If Japan experiences a period of deflation Q64: Theoretically, when a currency depreciates one can Q65: Which of the following would lead to Q66: If Mexico experiences a period of stable Q68: An increase in the price level in Q69: Depreciation of the Japanese yen would lead Q70: When the U.S.dollar appreciates, Q71: Figure 36-3 Q72: What effect did the decrease in the
A)U.S.exports rise.
B)U.S.imports decline.
C)aggregate demand
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