Question: Everything else equal, what is the consequence of an increase in the EUR/USD? -The $ has appreciated and U.S. exports to Europe are now more

Everything else equal, what is the consequence of an increase in the EUR/USD?

-The $ has appreciated and U.S. exports to Europe are now more expensive.

-The $ has depreciated and European exports to the U.S. are now less expensive.

-The $ has appreciated and U.S. exports to Europe are now less expensive.

-The $ has depreciated and European exports to the U.S. are now more expensive.

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