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In 2017, an article in the Wall Street Journal on the latest data on U.S. net exports noted that, along with other currencies: The [the
In 2017, an article in the Wall Street Journal on the latest data on U.S. net exports noted that, along with other currencies: "The [the Chinese] yuan has risen this year against the dollar." The article also noted that there had been "Stronger [economic] growth in Asia and Europe..." Source: Josh Mitchell, "U.S. Trade Gap Shrinks as Exports Rise," Wall Street Journal, April 4, 2017. What does the article mean that the yuan had "risen" against the dollar? O A. U.S. goods are more expensive relative to Chinese goods. O B. It now takes more dollars to buy one yuan. O C. It now takes fewer dollars to buy one yuan. O D. U.S. dollars have more value relative to the Chinese yuan. Briefly explain whether the combination of other currencies rising against the dollar and stronger economic growth in Asia and Europe had led to an increase or a decrease in U.S. net exports. O A. Decrease, because U.S. exports are more expensive. O B. Increase, because U.S. exports are cheaper. O C. Increase, because U.S. incomes rise. D. Decrease, because more U.S. exports are produced. Will the outcome you discussed above result in a movement along the U.S. aggregate demand curve or a shift of the aggregate demand curve? Briefly explain. A. Shift of the U.S. aggregate demand curve, because this is a change in the price level. B. Movement along the U.S. aggregate demand curve, because this is not a change in the price level. O C. Movement along the U.S. aggregate demand curve, because this is a change in the price level. O D. Shift of the U.S, aggregate demand curve, because this is not a change in the price level
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