The increase in oil and commodity prices in the last few years caused a strong appreciation in the Canadian dollar lowering the exchange rate from $1.57 (Canadian) to $1.16 (Canadian) for $1 US. As a result, the real exchange rate (er) ____________; and Canada's net export (NX)__________.
A) increased; increased
B) decreased; increased
C) increased, decreased
D) decreased; decreased

Question

Quizplus · Accepted Answer

The Answer of The increase in oil and commodity prices in the last few years caused a strong appreciation in the Canadian dollar lowering the exchange rate from $1.57 (Canadian) to $1.16 (Canadian) for $1 US. As a result, the real exchange rate (er) ____________; and Canada's net export (NX)__________.
A) increased; increased
B) decreased; increased
C) increased, decreased
D) decreased; decreased

The Increase in Oil and Commodity Prices in the Last