Q. If inflation in New Zealand suddenly increased while euro area inflation stayed the same, there would be: (Solved)

1. an inward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.

2. an outward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.

3. an outward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.

4. an inward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.

  • a. an inward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
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