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Ceteris Paribus,with a Fixed Exchange Rate,if Americans Decide to Buy

Question 1

Multiple Choice

Ceteris paribus,with a fixed exchange rate,if Americans decide to buy more Japanese-made television sets,this causes a market ________ of Japanese currency and creates a balance-of-payments ________ for the United States.


A) surplus;deficit
B) shortage;deficit
C) surplus;surplus
D) shortage;surplus

Correct Answer:

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