A real appreciation will tend to cause A) an increase in ...

[formula1]

A real appreciation will tend to cause
 
  A) an increase in exports.
  B) a reduction in imports.
  C) an increase in net exports.
  D) a reduction in demand for domestic goods.
  E) none of the above

Question 2

Research by Richard Layard indicates that happiness
 
  A) increases as output per capita increases.
  B) decreases as output per capita increases.
  C) does not change as output per capita changes.
  D) appears to depend on people's relative incomes.

[dellikani2015]

Answer to Question 1

D

Answer to Question 2

D