If speculators bid up the value of the dollar in the market for foreign-currency exchange, aggregate demand would shift to the left.

Name: If speculators bid up the value of the dollar in the market for foreign-currency exchange, aggregate demand would shift to the left.
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When the value of the dollar increases, U.S. goods become more expensive for foreign buyers, leading to a decrease in exports. This reduces aggregate demand, causing it to shift to the left.

If Speculators Bid Up the Value of the Dollar in the Market