Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S

aggregate demand.
A) increase; decrease B) increase; increase C) decrease; increase D) decrease; decrease

B

Economics

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Using this consumption function, the marginal propensity to consume is

A) 1.33. B) 0.75. C) $1.5 trillion. D) $2 trillion. E) 0. The figure above shows three different consumption functions for a nation.

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If every household in Trinidad received an international grant of $50,000 to spend on household appliances, its

a. aggregate supply curve would shift to the right b. aggregate supply curve would shift to the left c. price level would rise causing a movement up along its aggregate demand curve d. aggregate demand curve would shift to the left e. aggregate demand curve would shift to the right

Economics