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In Theory, If Inflation Is at an All-Time High in the United

Question 23

Multiple Choice

In theory, if inflation is at an all-time high in the United States, then its currency will


A) increase in value when trading with countries in a political union.
B) appreciate against that of other countries where inflation is lower.
C) not be affected.
D) depreciate against that of other countries where inflation is lower.
E) increase faster than the money supply.

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