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Question
When the U.S. dollar appreciates,
A) foreign residents demand more of U.S. goods, and U.S. residents desire to purchase more foreign goods.
B) foreign residents demand more of U.S. goods, and U.S. residents desire to purchase fewer foreign goods.
C) foreign residents demand fewer of U.S. goods, and U.S. residents desire to purchase more foreign goods.
D) foreign residents demand fewer of U.S. goods, and U.S. residents desire to purchase fewer foreign goods.
Answer
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