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    International Economics Study Set 12
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    Exam 12: Exchange Rate Determination
  5. Question
    If the United States Experiences an Enormous Wheat Crop Failure
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If the United States Experiences an Enormous Wheat Crop Failure

Question 77

Question 77

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If the United States experiences an enormous wheat crop failure, then it will have to import more wheat, and the dollar's exchange value will depreciate under a system of floating exchange rates.

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