Multiple Choice
If prices rise slower in the United States than in Australia,then
A) demand for the US dollar declines and the US dollar appreciates relative to the Australian dollar.
B) demand for the US dollar declines and the US dollar depreciates relative to the Australian dollar.
C) demand for the US dollar increases and the US dollar appreciates relative to the Australian dollar.
D) demand for the US dollar increases and the US dollar depreciates relative to the Australian dollar.
Correct Answer:
Verified
Correct Answer:
Verified
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