Multiple Choice
A large increase in the income level in Mexico along with no growth in the U.S. income level is normally expected to cause (assuming no change in interest rates or other factors) a(n) ____ in Mexican demand for U.S. goods, and the Mexican peso should ____.
A) increase; appreciate
B) increase; depreciate
C) decrease; depreciate
D) decrease; appreciate
Correct Answer:
Verified
Correct Answer:
Verified
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