Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 42CTQ: Some economists warn that the persistent trade deficits and a negative current account balance that...
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Answer part a only
![Part (a)
If a country consistently runs net export surpluses, then what do you expect to happen to its
exchange rate? Explain your answer.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefc9108a-5342-469d-8aa3-61f35e033314%2Fa36b7cd0-1e92-49b0-9929-4a686f2c7f05%2Fhoh0bee_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Part (a)
If a country consistently runs net export surpluses, then what do you expect to happen to its
exchange rate? Explain your answer.
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