Multiple Choice
If the rate of growth in labor productivity in the United States increases relative to the rate of growth in labor productivity in other countries, then
A) the dollar's exchange value depreciates against other currencies.
B) the dollar's exchange value remains constant against other currencies.
C) Americans are willing to pay more U.S. dollars per unit of foreign currency.
D) Americans are willing to pay fewer U.S. dollars per unit of foreign currency.
Correct Answer:

Verified
Correct Answer:
Verified
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