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    Exam 10: Macroeconomic Policy in Latin America
  5. Question
    An Exchange Rate Shock Causes P to _____ and Y
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An Exchange Rate Shock Causes P to _____ and Y

Question 33

Question 33

Multiple Choice

An exchange rate shock causes P to _____ and Y to _____.


A) increase, increase
B) decrease, stay the same
C) decrease, decrease
D) increase, stay the same
E) increase, decrease

Correct Answer:

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