Author Question: A reduction in the real exchange rate indicates that A) foreign goods are now relatively cheaper. ... (Read 58 times)

tfester · **on:** Jun 30, 2018

A reduction in the real exchange rate indicates that

A) foreign goods are now relatively cheaper.
B) foreign goods are now relatively more expensive.
C) domestic goods are now relatively more expensive.
D) both A and C

Question 2

An increase in the minimum wage will tend to cause which of the following?

A) an upward shift in the WS curve
B) a downward shift in the WS curve
C) an upward shift in the PS curve
D) a downward shift in the PS curve
E) none of the above