6. Suppose the French suddenly develop a strong taste for California wines. Answer the following questions in
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6. Suppose the French suddenly develop a strong taste for California wines. Answer the following questions in words and using a diagram.
a. What happens to the demand for dollars in the market for foreign-currency exchange?
b. What happens to the value of dollars in the market for foreign-currency exchange?
c. What happens to the quantity of net exports?
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