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The Supply Curve of British Pounds Slopes Upward Because as the Dollar

Question 156

Multiple Choice

The supply curve of British pounds slopes upward because as the dollar _____ American goods become ______ for the British.Therefore, the British purchase ______ American goods, and the quantity of pounds supplied increases.


A) depreciates against the pound; less expensive; more
B) depreciates against the pound; more expensive; less
C) appreciates against the pound; more expensive; more
D) appreciates against the pound; less expensive; less

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