Question: Note: There are 5 bonus questions each worth 2 points. Question 26 (Bonus I): Holding all else equal, if the demand for U.S. products increases

 Note: There are 5 bonus questions each worth 2 points. Question

Note: There are 5 bonus questions each worth 2 points. Question 26 (Bonus I): Holding all else equal, if the demand for U.S. products increases a) U.S. exports to Great Britain would decrease leading to an increase in demand of the USD and Great Britain then... the USD would appreciate relative to the GBP exports to Great Britain would increase, this would lead to an increase in demand of the USD and the USD would appreciate relative to the GBIP exports to Great Britain would decrease leading to a decrease in the demand of the USD and the USD would likely depreciate relative to the GBP c) U.S. d) U.S. exports to Great Britain would increase and this would cause the USD to depreciate relative to the GBP Condition (RPPP): If

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