The United States trades with many countries within the European Union. If the eurozone goes into a recession, the demand for U.S. exports will _____, leading to a _____ shift in the demand for the dollar.

Question

Quizplus · Accepted Answer

If the eurozone goes into a recession, the demand for U.S. exports will fall as the countries within the eurozone will have lower purchasing power. This will lead to a leftward shift in the demand for the dollar, as the demand for the dollar will decrease as well.

The United States Trades with Many Countries Within the European