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Last Week, Six Swedish Kronor Could Purchase One Canadian Dollar

Question 183

Multiple Choice

Last week, six Swedish kronor could purchase one Canadian dollar.This week, it takes eight Swedish kronor to purchase one Canadian dollar.This change in the value of the dollar will ________ exports from Canada to Sweden and ________ Canadian aggregate demand.


A) increase; increase
B) decrease; decrease
C) increase; decrease
D) decrease; increase

Correct Answer:

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