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parneetgill parneetgill
wrote...
Posts: 468
5 years ago



In the diagram above, which of the following could cause a movement from point E' to point E?

• U.S. residents' incomes rise, so they increase their purchases of Japanese goods.

• The dollar depreciates, inducing Japanese residents to buy more U.S. goods.

• The dollar depreciates, inducing U.S. residents to buy more Japanese goods.

• Japanese residents' incomes rise, so they increase their purchases of U.S. goods.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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ShaeTime3ShaeTime3
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Posts: 368
5 years ago
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