2) Which of the situations illustrated in the following figure shows the effects of a currency appreciation leading to a recession? a. b . N C . 3 d. 4 Price level XXXX Real GDP Real GDP Real GDP Real GDP (1 ) (2) (3) (4) 3) If the goods' money prices do not change, an appreciation of the dollar against the pound a. makes British sweaters cheaper in terms of American jeans. b. makes British sweaters more expensive in terms of American jeans. c. doesn't change the relative price of sweaters and jeans. d. makes American jeans cheaper in terms of British sweaters. e. makes British jeans more expensive in Britain