Multiple Choice
If the nominal exchange rate is expressed as foreign currency per dollar, which of the following would both make Americans more willing to buy Italian goods? The nominal exchange rate
A) falls, the price of goods in Italy falls.
B) falls, the price of goods in Italy rises.
C) rises, the price of goods in Italy falls.
D) rises, the price of goods in Italy rises.
Correct Answer:
Verified
Correct Answer:
Verified
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