(06.03 MC) In recent times, America has experienced an incre…

(06.03 MC) In recent times, America has experienced an increase in the demand for coffee. About 24% of its coffee beans are being imported from Brazil. What happens when there is increase in the exchange rate of U.S. dollars against the Brazilian currency, the real?

(02.06 MC) Suppose Country ‘X’ is producing an output of 300…

(02.06 MC) Suppose Country ‘X’ is producing an output of 300 units of a certain good at $3 per unit in 2017. With time, the price level rises from $3 per unit to $5 per unit in 2018 while the amount of output produced remains same. Which of the following is true for the given situation?