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Question
An appreciation of the U.S. dollar
A) makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports.
B) makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, increasing net exports.
C) makes our exports less expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
D) makes our exports more expensive in terms of foreign currency and imports cheaper in terms of the dollar, decreasing net exports.
Answer
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