The U.S. demand for euros is 1...downsloping because the dollar price of euros and the euro price

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The U.S. demand for euros is

1...downsloping because the dollar price of euros and the euro price of dollars are directly related.

2..downsloping because, at higher dollar prices for euros, Americans will want to buy more European goods and services.

3..downsloping because, at lower dollar prices for euros, Americans will want to buy more European goods and services.

4..upsloping because a higher dollar price of euros makes European goods and services more attractive to Americans

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Jan 29, 2024 03:58 AM

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The U.S. demand for euros is 1...downsloping because the dollar price of euros and the euro price

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Macroeconomics

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