$10$

Multiple Choice

$1$ point

When the exchange rate for the euro changes from $$1\mathrm{.}52$ to $$1\mathrm{.}25,$ then, holding everything else constant, the euro has

appreciated and German cars sold in the United States become more expensive.

appreciated and German cars sold in the United States become less expensive.

depreciated and American wheat sold in Germany becomes more expensive.

depreciated and American wheat sold in Germany becomes less expensive.