Refer to the diagram below. The change in aggregate expenditures as shown from (C + Ig + Xn2) to (C + Ig + Xn1) might be caused by:
A) an appreciation of this nation's currency relative to the currencies of its trading partners.
B) a depreciation of this nation's currency relative to the currencies of its trading partners.
C) a decrease in this nation's price level relative to price levels abroad.
D) a rightward shift in this nation's aggregate supply curve.
Correct Answer:
Verified
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A)is the ratio of the
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