Multiple Choice
A relatively high rate of inflation in the United States will result in
A) an appreciation of the dollar against foreign currencies in the long run.
B) a depreciation of the dollar against foreign currencies in the long run.
C) an appreciation of the dollar against foreign currencies in the short run.
D) a depreciation of the dollar against foreign currencies in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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