Question: QUESTION 28 Everything else equal, what is the consequence of an increase in the EUR/USD? a. The $ has depreciated and European exports to the

QUESTION 28

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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