Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Everything else equal, what is the
of an increase in the
consequence
EUR/USD? a. The $ has
depreciated and European
exports to the U.S. are now less
expensive. b. The $ has
appreciated and U.S. exports to
Europe are now more expensive.
c. The $ has depreciated and
European exports to the U.S. are
now more expensive. d. The $ has
appreciated and U.S. exports to
Europe are now less expensive.
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