4. If the Japanese price level falls relative to the price level in the United States, then...

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4. If the Japanese price level falls relative to the price level in the United States, then

a. Japanese buy less U.S. exports.

b. the demand for dollars decreases.

c. the supply of dollars increases.

d. the value of the dollar falls.

e. all of the above are true.

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Economics For Today

ISBN: 9781594632914

6th Edition

Authors: Irvin B. Tucker

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