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A relative expansion of U.S. output causes an increase of money supply in the EU. will not influence the value of the dollar against the
A relative expansion of U.S. output causes
an increase of money supply in the EU.
will not influence the value of the dollar against the euro
a long-run real depreciation of the dollar against the euro.
an increase of money supply in the US.
a long-run real appreciation of the dollar against the euro.
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