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Munze Munze
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6 years ago
Suppose there is a real appreciation. This real appreciation is more likely to cause a reduction in net exports when
A) domestic output is relatively low.
B) foreign output is relatively high.
C) the Marshall-Lerner condition does not hold.
D) imports are not at all sensitive to price changes.
E) exports and imports are relatively sensitive to price changes.
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Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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6 years ago
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Munze Author
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#2
5 years ago
Thanks so much Smiling Face with Open Mouth Slight Smile
Macroeconomics, 6/E (Blanchard, Johnson)
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