Which of the following would shift the U.S. net export function upward?
A)an increase in the value of the dollar relative to other currencies
B)a decrease in the value of the dollar relative to other currencies
C)an increase in incomes in the U.S. relative to other economies
D)an increase in the U.S. price level relative to other economies
E)a decrease in foreign incomes relative to U.S. incomes

Question

Quizplus · Accepted Answer

A decrease in the value of the dollar relative to other currencies would make U.S. goods relatively cheaper for foreign buyers, increasing demand for U.S. exports and shifting the net export function upward.

Which of the Following Would Shift the U