1. Domestic currency depreciation will: help domestic firms that export and hurt
ID: 1140474 • Letter: 1
Question
1.
Domestic currency depreciation will:
help domestic firms that export and hurt domestic firms that import.
help domestic firms that import.
hurt domestic firms that export and help domestic firms that import.
Average duration of unemployment is an example of a:
leading indicator.
coincident indicator.
lagging indicator.
None of these.
3.
A decrease in the costs of resources or inputs of production would shift the:
short-run aggregate supply curve rightward.
short-run aggregate supply curve leftward.
long-run aggregate supply curve rightward.
long-run aggregate supply curve leftward.
4.
As a currency depreciates:
exports increase and imports decrease.
exports decrease and imports increase.
exports increase and imports increase.
exports decrease and imports decrease.
help domestic firms that export and hurt domestic firms that import.
help domestic firms that import.
hurt domestic firms that export and help domestic firms that import.
2.Average duration of unemployment is an example of a:
leading indicator.
coincident indicator.
lagging indicator.
None of these.
3.
A decrease in the costs of resources or inputs of production would shift the:
short-run aggregate supply curve rightward.
short-run aggregate supply curve leftward.
long-run aggregate supply curve rightward.
long-run aggregate supply curve leftward.
4.
As a currency depreciates:
exports increase and imports decrease.
exports decrease and imports increase.
exports increase and imports increase.
exports decrease and imports decrease.
Explanation / Answer
a) Depreciation in the currency will help increase the exports and hurt the imports in the market. The answer is "A".
b) lagging indicator, Unemployment is an example of a lagging indicator.
c) "A" it will shift the SRAS curve to the right i.e. lower price and higher output.
d) "A" as the currency depreciates the exports increase and imports decreases.
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