Suppose the French suddenly develop a strong taste for California wines. Answer the following questions in words

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Suppose the French suddenly develop a strong taste for California wines. Answer the following questions in words and with a diagram.

a. What happens to the demand for dollars in the market for foreign-currency exchange?

b. What happens to the value of dollars in the market for foreign-currency exchange?

c. What happens to the quantity of net exports?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:19 AM

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Suppose the French suddenly develop a strong taste for California wines. Answer the following questions in words

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Principles of economics

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