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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Related Book For
Principles Of Macroeconomics
ISBN: 9780176591977
7th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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