3. Other things equal, an increase in the world interest rate pushes the trade balance toward and...

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3. Other things equal, an increase in the world interest rate pushes the trade balance toward and causes the currency to .

a. surplus, appreciate

b. surplus, depreciate

c. deficit, appreciate

d. deficit, depreciate

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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