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Question
The exchange rate last month was $1 = 3.2 Swiss francs. This month it is $1 = 3.12 Swiss francs. We can say that the value of the dollar
A) fell, causing net exports to increase and aggregate demand to rise.
B) fell, causing net exports to decrease and aggregate demand to fall.
C) increased, causing net exports to decrease and aggregate demand to fall.
D) increased, causing net exports to decrease and aggregate demand to rise.
Answer
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Related questions
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