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Question
Suppose that last year $1 U.S. exchanged for 1 euro. If this year $1 exchanges for 0.75 euro, then we can conclude that
A) the dollar is weaker this year than it was last year and this will cause the United Statesʹ short-run aggregate supply (SRAS) curve to shift to the left.
B) the dollar is weaker this year than it was last year and this will cause the United Statesʹ short-run aggregate supply (SRAS) to shift to the right.
C) the dollar is stronger this year than it was last year and this will cause the United Statesʹ short-run aggregate supply (SRAS) curve to shift to the left.
D) the dollar is weaker this year than it was last year but this will have no impact on the United Statesʹ short -run aggregate supply (SRAS) curve.
Answer
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