As the price level falls, a. the exchange rate falls, so net exports fall. b. the exchange
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Question:
As the price level falls,
a. | the exchange rate falls, so net exports fall. | |
b. | the exchange rate rises, so net exports fall. | |
c. | the exchange rate falls, so net exports rise. | |
d. | the exchange rate rises, so net exports rise. |
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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