a.总支出水平不变,但该国国内消费者决定将更多的收入花在非贸易品上,并相应地减少贸易品的消费。
b.国外居民将需求从其本国产品转向该国的出口商品。
Other things equal,how would you expect the following shifts to affect a currency's real exchange rate against foreign currencies?
a.The overall level of spending doesn't change,but domestic residents decide to spend more of their income on nontraded products and less on tradables.
b.Foreign residents shift their demand away from their own goods and toward the home country's exports.