If U.S. GDP drops and South Korean GDP remains unchanged, which of the following will happen in the Korean won market?
a. A rightward shift of the supply curve, a depreciation of the won, and a larger number of won traded
b. A rightward shift of the demand curve, a depreciation of the won, and a smaller number of won traded
c. A rightward shift of the demand curve, an appreciation of the won, and a larger number of won traded
d. A leftward shift of the demand curve, a depreciation of the won, and a smaller number of won traded
e. A leftward shift of the supply curve, an appreciation of the won, and a smaller number of won traded.
D
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