The recession of 2007-2009 decreased the demand for imports in Japan,which caused the ________ curve for the yen to shift to the ________,increasing the exchange rate and the value of the yen.
A)supply; right
B)supply; left
C)demand; right
D)demand; left

Question

Quizplus · Accepted Answer

The decrease in demand for imports in Japan would lead to a decrease in the supply of yen in the foreign exchange market, causing the supply curve to shift to the left, which increases the exchange rate and the value of the yen.

The Recession of 2007-2009 Decreased the Demand for Imports in Japan,which