QUESTION 2 In the long run, an increase in the nominal exchange rate is likely to lead to Note: Multiple answers are possible. A. an increase in exports B. a decrease in exports C. an increase in imports D. a decrease in imports

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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**Question 2**

In the long run, an increase in the nominal exchange rate is likely to lead to _____.

*Note: Multiple answers are possible.*

- □ A. an increase in exports
- □ B. a decrease in exports
- □ C. an increase in imports
- □ D. a decrease in imports
Transcribed Image Text:**Question 2** In the long run, an increase in the nominal exchange rate is likely to lead to _____. *Note: Multiple answers are possible.* - □ A. an increase in exports - □ B. a decrease in exports - □ C. an increase in imports - □ D. a decrease in imports
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