Multiple Choice
Which of the following is consistent with moving from a surplus to equilibrium in the market for foreign-currency exchange?
A) the exchange rate appreciates making domestic goods relatively more expensive.
B) the exchange rate appreciates making domestic goods relatively less expensive.
C) the exchange rate depreciates making domestic goods relatively more expensive.
D) the exchange rate depreciates making domestic goods relatively less expensive.
Correct Answer:
Verified
Correct Answer:
Verified
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