Question: Other things the same, if the exchange rate changes from 0 . 9 6 euros per dollar to 0 . 8 6 euros per dollar,

Other things the same, if the exchange rate changes from 0.96 euros per dollar to 0.86 euros per dollar, the dollar has:
depreciated and so buys more European goods.
appreciated and so buys fewer European goods.
depreciated and so buys fewer European goods.
appreciated and so buys more European goods.
Other things the same, if the exchange rate

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