You graduate from U$.$C$.$ and take a job with Procter and Gamble. Within three weeks, you're the talk of the company. Jon Moeller, P&G$\text{'}$s Chief Executive Officer calls you into his office and tells you he wants you to take over a flagship brand $-$ Pampers.

You accept the role of Brand Manager and immediately give Professor Hogan free diapers for life.

The second thing you do is start to think about how the recent change in the dollar's value will affect your ability to sell in Europe and your upcoming earnings call. As depicted below, how will this change impact your European sales?

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Group of answer choices

The dollar is depreciating and it will increase European sales

The dollar is appreciating and it will increase European sales

The dollar is depreciating and it will decrease European sales

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The dollar is appreciating and it will decrease European sales