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    Principles of Economics
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    Exam 32: A Macroeconomic Theory of the Open Economy
  5. Question
    An Appreciation of the Australian Real Exchange Rate _____ the Quantity
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An Appreciation of the Australian Real Exchange Rate _____ the Quantity

Question 24

Question 24

Multiple Choice

An appreciation of the Australian real exchange rate _____ the quantity of dollars demanded in the market for foreign-currency exchange.


A) reduces
B) increases
C) leaves unchanged
D) could have any effect on

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