Question: 14. Differences in Income Level - Assume that the U.S. income level rises at a much higher rate than does the Canadian income level. Other

14.

Differences in Income Level - Assume that the U.S. income level rises at a much higher rate than does the Canadian income level. Other things being equal, how should this affect the (a) the U.S. demand for Canadian dollars, (b) the supply of Canadian dollars for sale, and (c) the equilibrium value of the Canadian dollar?

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