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AP Macroeconomics
Unit 6 – Open Economy – International Trade and Finance
Topic 6.2
How does relative income affect exchange rates?
Lower relative income increases the demand for foreign products, depreciating the currency
Higher relative income increases the demand for foreign products, appreciating the currency
Higher relative income decreases the demand for foreign products, depreciating the currency
Lower relative income decreases the demand for foreign products, appreciating the currency
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AP Macroeconomics - 6.2 Exchange Rates
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Exchange Rates
Relative Income
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About Us
About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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