Multiple Choice
Figure 11.1. Supply and Demand Schedules of Francs
-Refer to Figure 11.1.Suppose the exchange rate is $.70 per franc.Free-market forces would lead to a(n) ____ of the dollar against the franc and a(n) ____ in U.S.international competitiveness.
A) depreciation, improvement
B) depreciation, worsening
C) appreciation, improvement
D) appreciation, worsening
Correct Answer:
Verified
Correct Answer:
Verified
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