The recession of 2007-2009 decreased the demand for imports in Japan,which caused the ________ curve for the yen to ________,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 recession decreased the demand for imports, leading to a decrease in the supply of yen in the foreign exchange market, shifting the supply curve to the left and increasing the exchange rate and value of the yen.

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