If a dollar is cheaper in terms of a foreign currency than the equilibrium exchange rate, a

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If a dollar is cheaper in terms of a foreign currency than the equilibrium exchange rate, a _____________________ exists at the current exchange rate that will put _____________________ pressure on the exchange value of a dollar.

a. surplus of dollars; downward

b. surplus of dollars; upward

c. shortage of dollars; downward

d. shortage of dollars; upward

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