Multiple Choice
There is a flexible exchange rate system and only two countries in the world,the United States and Mexico.An increase in income growth in Mexico relative to income growth in the United States will cause the
A) dollar to appreciate.
B) peso to depreciate.
C) dollar to depreciate.
D) a and b
E) There is not enough information to answer the question.
Correct Answer:
Verified
Correct Answer:
Verified
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