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    Principles of Macroeconomics Study Set 12
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    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    A Decrease in the Price Level in the United States
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A Decrease in the Price Level in the United States

Question 43

Question 43

True/False

A decrease in the price level in the United States relative to the price level in Mexico causes an appreciation of the dollar against the peso.

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