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Assume everything else constant (no change in interest rates or other factors). The income levels in U.S. show no growth relative to the income levels
Assume everything else constant (no change in interest rates or other factors). The income levels in U.S. show no growth relative to the income levels in Mexico where a huge increase in income levels is observed. This would likely cause Mexican peso value to _______ and also the demand for U.S. good by Mexico is likely to ________. Group of answer choices appreciate; increase remain same; remain same depreciate; increase depreciate; decrease appreciate; decrease
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