Multiple Choice
If the dollar price of the euro goes from $1 to 90 cents, the euro has
A) appreciated, and Europeans will find U.S. goods cheaper.
B) appreciated, and Europeans will find U.S. goods more expensive.
C) depreciated, and Europeans will find U.S. goods cheaper.
D) depreciated, and Europeans will find U.S. goods more expensive.
Correct Answer:
Verified
Correct Answer:
Verified
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