Multiple Choice
Which of the following is consistent with a depreciation of the dollar?
A) Canadian goods become less expensive relative to foreign goods, which makes exports rise and imports fall.
B) Canadian goods become less expensive relative to foreign goods, which makes exports fall and imports rise.
C) Canadian goods become more expensive relative to foreign goods, which makes exports rise and imports fall.
D) Canadian goods become more expensive relative to foreign goods, which makes exports fall and imports rise.
Correct Answer:
Verified
Correct Answer:
Verified
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