Questions 1) a) Suppose that the exchange rate changed from $1.06 per euro to $1.12 per euro. As a result, we can expect O More than one of the choices are correct. O Our imports to increase. O Our exports to decrease. O Our exports to increase. O Our imports to decrease. b) Which of the following would cause the long run aggregate supply to decrease? O. A civil war in the country leads to destruction of property and loss of life. O. The Federal Reserve purchases $500 million in bonds from the banks. O. An unusually low temperatures in the midwest results in fewer crops than last year. O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
Questions 1) a) Suppose that the exchange rate changed from $1.06 per euro to $1.12 per euro. As a result, we can expect O More than one of the choices are correct. O Our imports to increase. O Our exports to decrease. O Our exports to increase. O Our imports to decrease. b) Which of the following would cause the long run aggregate supply to decrease? O. A civil war in the country leads to destruction of property and loss of life. O. The Federal Reserve purchases $500 million in bonds from the banks. O. An unusually low temperatures in the midwest results in fewer crops than last year. O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Questions 1)
a) Suppose that the exchange rate changed from $1.06 per euro to $1.12 per euro. As a result, we can expect
O More than one of the choices are correct.
O Our imports to increase.
O Our exports to decrease.
O Our exports to increase.
O Our imports to decrease.
b) Which of the following would cause the long run
O. A civil war in the country leads to destruction of property and loss of life.
O. The Federal Reserve purchases $500 million in bonds from the banks.
O. An unusually low temperatures in the midwest results in fewer crops than last year.
O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
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