Question: Everything else equal, what is the consequence of an increase in the EUR/USD? a. The $ has depreciated and European exports to the U.S. are

Everything else equal, what is the consequence of an increase in the EUR/USD? a. The $ has depreciated and European exports to the U.S. are now less expensive. b. The $ has appreciated and U.S. exports to Europe are now more expensive. c. The $ has depreciated and European exports to the U.S. are now more expensive. d. The $ has appreciated and U.S. exports to Europe are now less expensive.

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