Multiple Choice
The Chinese government slowly increased the value of the yuan from 8.1 yuan per dollar in January 2006 to 7.69 yuan per dollar in May 2007. The Chinese government's objective in increasing the value of its currency was to:
A) increase the trade surplus and prevent the price level from falling further.
B) increase the trade surplus and prevent the price level from rising further.
C) decrease the trade surplus and prevent the price level from rising further.
D) decrease the trade surplus and prevent the price level from falling further.
Correct Answer:
Verified
Correct Answer:
Verified
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