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Author Question: Refer to Figure 13-1.Ceteris paribus,an increase in the value of the domestic currency ... (Read 46 times)

audie

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Question 1

Figure 13-1









Refer to Figure 13-1Ceteris paribus, a decrease in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from


AD
1 to AD
2.
AD
2 to AD
1.
◦ point A to point B.
◦ point B to point A.

Question 2

Figure 13-1









Refer to Figure 13-1Ceteris paribus, an increase in the value of the domestic currency relative to foreign currencies would be represented by a movement from


AD
1 to AD
2.
AD
2 to AD
1.
◦ point A to point B.
◦ point B to point A.


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Marked as best answer by audie on Mar 16, 2019

wfdfwc23

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