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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Explain what happens to the AD curve if the dollar appreciates relative to other currencies.

To determine

Explain the situation of AD curve if dollar appreciates.

Explanation

If U.S. dollar appreciates in an economy, then they will spend fewer dollars to purchase the foreign currency. Foreign countries want to spend more currency to buy the U.S. goods and services. This will make the U.S. goods more expensive than foreign goods, and the foreign goods will become cheaper compared to the U.S.

In this case, the foreigner’s imports will decrease, and the U...

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