-Refer to Figure 12.1. In terms of the diagram a rise in commodity prices and Canadian exports of crude oil and commodities would: A) shift D₀ to the right and raise the exchange rate B) shift S₀ to the left and raise the exchange rate. C) shift S₀ to the right and lower the exchange rate. D) shift S₀ and D₀ in offsetting ways and leave the exchange rate unchanged.

Question

Quizplus · Accepted Answer

The Answer of -Refer to Figure 12.1. In terms of the diagram a rise in commodity prices and Canadian exports of crude oil and commodities would: A) shift D₀ to the right and raise the exchange rate B) shift S₀ to the left and raise the exchange rate. C) shift S₀ to the right and lower the exchange rate. D) shift S₀ and D₀ in offsetting ways and leave the exchange rate unchanged.