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Japan imports over 90% of its consumption of oil. If the price of oil increases, Japan's

treetreee

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Japan imports over 90% of its consumption of oil. If the price of oil increases, Japan's

Question 1.

If exchange rates are fixed, then an increase in Canada's export prices causes

▸ U.S. import prices to fall.

▸ U.S. import prices to rise.

▸ Canadian import prices to fall.

▸ Canadian import prices to rise.

Question 2.

Japan imports over 90% of its consumption of oil. If the price of oil increases, Japan's

▸ aggregate demand curve shifts to the right.

▸ aggregate supply curve shift to the right.

▸ aggregate supply curve shifts to the left.

▸ aggregate planned expenditures increase.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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tlaster

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