What happened here? All data in real $bn. NX Y. NX new NX old Oa. our currency appreciated, raising our exports &d lowering our imports. O b. our currency depreciated, lowering our exports and increasing our imports. O c. None of the answers offered are accurate. O d. our currency depreciated, raising our exports and lowering our imports. O e. foreign income increased, raising our exports only

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 21SCQ: Explain briefly whether each of the following would be more likely to lead to a higher level of...
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What happened here? All data in real $bn.
NX +
Y
NX new
NX old
O a.
our currency appreciated, raising our exports
lowering our imports.
O b. our currency depreciated, lowering our exports and increasing our imports.
O c. None of the answers offered are accurate.
O d. our currency depreciated, raising our exports and lowering our imports.
O e. foreign income increased, raising our exports only
Which of the following would be the effects of a rise in consumer optimism? You are strongly advised to graph this question before answering it.
Shift upwards of the whole C function
II Shift upwards of the whole S function
II Shift downwards of the whole 5 function
Iv A movement upwards and along stable Cand S functions.
i only
i and i
Oc iv only
O b.
d.
i and i
O e. None of the answers offered are accurate.
(All data is in real $ bn). What could have caused the change depicted below?
BB=T-G
Real $ bn
BB
new
ВB old
Y
O a. Government decreased its spending on goods and services.
O b. Government raised taxes.
O. None of the answers offered are accurate.
O d. Government reduced taxes.
O e Government increased its spending on goods and services.
Transcribed Image Text:What happened here? All data in real $bn. NX + Y NX new NX old O a. our currency appreciated, raising our exports lowering our imports. O b. our currency depreciated, lowering our exports and increasing our imports. O c. None of the answers offered are accurate. O d. our currency depreciated, raising our exports and lowering our imports. O e. foreign income increased, raising our exports only Which of the following would be the effects of a rise in consumer optimism? You are strongly advised to graph this question before answering it. Shift upwards of the whole C function II Shift upwards of the whole S function II Shift downwards of the whole 5 function Iv A movement upwards and along stable Cand S functions. i only i and i Oc iv only O b. d. i and i O e. None of the answers offered are accurate. (All data is in real $ bn). What could have caused the change depicted below? BB=T-G Real $ bn BB new ВB old Y O a. Government decreased its spending on goods and services. O b. Government raised taxes. O. None of the answers offered are accurate. O d. Government reduced taxes. O e Government increased its spending on goods and services.
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