Multiple Choice
Other things the same,if the exchange rate changes from .8 euros per dollar to .9 euros per dollar,the dollar
A) depreciates so U.S.goods become less expensive relative to foreign goods.
B) depreciates so U.S.goods become more expensive relative to foreign goods.
C) appreciates so U.S.goods become less expensive relative to foreign goods.
D) appreciates so U.S.goods become more expensive relative to foreign goods.
Correct Answer:

Verified
Correct Answer:
Verified
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