According to the "Beachhead Effect," in Order to Undo the Effects

Multiple Choice

According to the "beachhead effect," in order to undo the effects of a strong-dollar period,the real value of the dollar

A) must fall to at least half of its value before appreciation of the dollar began.
B) must fall to the value it had before appreciation of the dollar began.
C) must fall to a much lower level than it had before appreciation of the dollar began.
D) must actually appreciate before it depreciates to undo the effects of a strong-dollar period.