Multiple Choice
If the dollar price of the English pound increases from $1.50 to $1.75, the dollar has
A) appreciated relative to the pound, and English goods have become less expensive to U.S. consumers.
B) depreciated relative to the pound, and English goods have become less expensive to U.S. consumers.
C) appreciated relative to the pound, and English goods have become more expensive to U.S. consumers.
D) depreciated relative to the pound, and English goods have become more expensive to U.S. consumers.
Correct Answer:
Verified
Correct Answer:
Verified
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