Open-Economy Macroeconomics Quiz

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By SupportedKunzite

Quiz

Flashcards

15 Questions

What happens to imports when the exchange rate appreciates?

What is the effect of an increase in the price of foreign goods relative to domestic goods on exports?

How does a decrease in world demand affect exports?

How does a depreciating exchange rate affect the competitiveness of domestic products?

What happens to imports when the price of foreign goods increases relative to domestic goods?

In the open-economy macroeconomics, what happens to imports when the price of the foreign good decreases relative to the price of the domestic good?

What is the effect of a decrease in real GDP on imports in an open economy?

How does an appreciating exchange rate affect the competitiveness of domestic products in the international market?

What happens to exports when the price of foreign goods decreases relative to domestic goods?

How does a decrease in world demand affect exports in an open economy?

In an open economy, what is the effect of a decrease in the price of foreign goods relative to domestic goods on exports?

How does an increase in the price of foreign goods relative to domestic goods affect imports in an open economy?

What happens to imports when the exchange rate appreciates in an open economy?

How does a depreciating exchange rate affect the competitiveness of domestic products in the international market?

What is the effect of a decrease in real GDP on imports in an open economy?

Description

Test your knowledge on open-economy macroeconomics with this quiz. Learn about output determination in the short run using the expenditure diagram and the determinants of imports such as the level of real GDP, prices of foreign goods, and exchange rates.

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