4. The nation of Ectenia has long banned the export of its highly prized puka shells. A...

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4. The nation of Ectenia has long banned the export of its highly prized puka shells. A newly elected president, however, removes the export ban. This change in policy will cause the nation's currency to___, making the goods Ectenia imports___expensive.

a. appreciate, less

b. appreciate, more

c. depreciate, less

d. depreciate, more

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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